According to official sources, the project aims to repeal “obsolete” laws that were established at the beginning of the 19th century or during military governments. At an event promoted by the International Organization of Securities Commissions (Iosco), Sturzenegger assured: “we don’t have to be afraid of excess deregulationit can always be corrected.”
As he was able to know Scopethe package of laws will aim to annul regulations that were created at the beginning of the 19th century or during military governments. Although a date for its submission has not yet been set, the project is expected to be submitted during the course of this week.
Sturzenegger is the face of deregulation in the Milei administration. Recently, the minister participated in the World Investor Week organized by the National Securities Commission (CNV) where he was in charge of carrying out the closure.
“I dream that SMEs issue shares, that they are not financed with debt,” said Sturzenegger at the beginning of his speech. “I think we are going to defend a much more economic freedom regime when everyone, in some way, Let’s be part of those companies and the productive effervescence that Argentina can have in its different sectors,” added the minister.
Furthermore, Sturzenegger warned that “there is no need to be afraid of excess deregulation” given that “can always be corrected“His statements are framed in the debate that arose after the announcement that the CNV will allow adolescents, from the age of 13, to have a client account in their name and carry out operations in the capital market.
“Regulation in the good sense tries to minimize risks, but we must weigh the risk it minimizes with the costs generated by that regulation. When we are in this process of designing regulations, we have to constantly be asking ourselves not about what the regulation does, but about what regulation destroys“, he delved.
Javier Milei’s government deregulated long and medium distance automotive transportation
Just as I had anticipated Scopethe Government deregulated, since yesterday, long and medium distance automotive transport. The measure was made official in the Official Gazette. The rule also contemplates other changes in the area, such as the creation of a new National Passenger Transportation Registry, the free establishment of routes, schedules, prices and duration of services by carriers.
According to the national authorities, the objective of the new regulations is “the liberalization, modernization and deregulation of automotive passenger transport and its adaptation to current transport dynamics“. In addition, they also detailed that “the broadest deregulation of commerce, services and industry will be established throughout the national territory and all restrictions on the supply of goods and services, as well as any regulatory requirement that distorts the market prices, prevents free private initiative or prevents the spontaneous interaction of supply and demand.”
The salary recomposition for long-distance passenger transport workers will be implemented in three sections (August, October and January) until reaching a basic salary of 24,200 pesos.
The decree, to which he had access Scope weeks ago, he mentioned that “Routes, vehicles, schedules, prices, duration of services may be freely established.and even the passenger pick-up and drop-off points that are authorized by the respective local jurisdiction, which will generate a greater offer of services and price competition that will benefit both the user and the companies and carriers.”
On the other hand, as reported today by the Secretary of Transportation of the Nation, They will also “have to report the transportation capacity, detailing the number and type of vehicle, number of seats, contracted insurance, the list of drivers to be assigned and information related to their driver’s licenses, the periodicity of the declared services, the origin, intermediate stops and destination of the trip”.
This is where the new comes into play. National Passenger Transport Registryan organization through which the available services must be informed and offered to the public.
“Companies and transporters that were already registered will not have to do so again. Yes, new ones must be registered, once registeredwill automatically obtain authorization to operate after 5 days post registration, thus applying the new methodology of “Positive Silence“already implemented by the Ministry of Deregulation and Transformation of the State” clarified from the Ministry of Transportation.
Regarding the deadlines, the Government stated that “the authority for applying this measure will be the Ministry of Transportation of the Nation of the Ministry of Economy and will begin to be implemented in 60 dayswhen the necessary technological updates“.
Source: Ambito
