The Legislature of Between Rivers blocked the official bill for the province to adhere to the Large Investment Incentive Regime (RIGI), which was approved by the National Congress as part of the Bases law sent by the Casa Rosada.
This Tuesday, the governor’s initiative Rogelio Frigerio collided with the lack of quorum in the local Senate, as a consequence of a move by Peronism, which withdrew its legislators from the premises, leaving them without the number to discuss the proposal.
Entre Ríos: Legislature blocked accession to the RIGI
Mirroring the debate on the RIGI, the Entre Ríos administration also sought to discuss the creation of the New Investment Incentive Regime (RINI), an idea mirrored by the regulations pushed by the Nation.
However, the bills did not come to fruition, since the 8 senators from the More for Entre Ríos bench left the session. In that Chamber, 9 seats correspond to the PJ, while 8 are in the hands of the ruling party Together for Entre Ríos.
The text had already been approved in the Deputies, where it had the support of the legislators who respond to Governor Frigerio and the libertarians. As happened in the Senate, Peronism opposed it in unity, in line with what was done at the national level by Unión por la Patria (UP).
During the debate, there were demonstrations by environmentalists and social organizations in defense of the environment and “against the plundering of natural resources.”
In this way, the Upper House blocked the initiative promoted by the Cambiomita administration and left it in limbo, since there is no date for an eventual treatment. Entre Ríos, then, could not join the group of provinces that have already sealed their accession to the RIGI.
Río Negro, Chubut, Mendoza, Jujuy, Córdoba, San Juan and Catamarca These are some of the districts that joined the national regulations, with a special focus on energy and mining projects.
RINI: the initiative of Rogelio Frigerio
Beyond the RIGI, the former Minister of the Interior wanted the Legislature to approve the RINI, a regime that incorporates the benefits already established in the Industrial Promotion and Development Law, with the objective of favoring the establishment of new investments in the provincial territory, reactivating productive activity and exemptions from certain provincial taxes.
Among its main points, the project provides 100 percent exemptions on Stamps and Service Remuneration Rates. There will also be other benefits such as access to Entre Ríos Guarantee Fund (FOGAER), priority in contracts with the State, accompaniment in staff training and rate bonus of loans.
Some time ago, the governor had stated that it is “timely and convenient to join the RIGI.” “With the understanding that the investments it promotes depend on a framework of legal security that potential investors will consider, not only in the national scheme, but also in the different jurisdictions, with the power to tax or exercise some type of interference over activities subject to incentive“, he evaluated.
Source: Ambito
