Recently, it was decided to apply a measure that will impact prices: expand from US$1,000 to US$3,000 the amount allowed to enter products through the Courier service.along with other measures aimed at encouraging the import of goods from abroad that would force local prices to drop in the face of greater competition, according to the official view.
Data from companies reveal that this trend will intensify in the coming weeks, since the Government considers that many economic sectors have not yet adjusted their prices after the fall of the dollar and maintain costs calculated on an exchange rate estimated at $1,500.
More imported to lower costs
According to importers consulted by Scopethe Government is already analyzing progress in removing barriers to imports in different sectors and through different mechanisms. However, they also demand not only accelerating the deregulation processes but also a reduction in costs in general to improve the pressure that affects companies.
The Expectations of dollar stability have contributed to the reduction in prices of imported productsand this trend is expected to become more pronounced in November. In this context, the Government is evaluating how to reinforce the disinflation process, and one of the key strategies will be to continue promoting imports in strategic sectors related to consumption.
Opening of imports: the industry’s warning
The opening of imports is hitting hard in different sectors that, without concrete progress in competitiveness, are analyzing ceasing local production and bringing goods from abroad. After the collapse of the first quarter, they talk about a “second wave” of factory closures. The Argentine Industrial Union (UIA) expressed its alert, and there is concern about the destruction of jobs and recent investments that could remain idle.
After long months of silence, The UIA questioned the Government’s latest measures: “If there are phenomena of irrational and indiscriminate opening, we are going to point them out. We are concerned about the arrival of a wave of imports, and we must quickly address the tax aspect,” said the president of the entity, Daniel Funes de Rioja.
The straw that broke the camel’s back was the Government’s decision to relax the conditions for purchases abroad through “courier” services. From a maximum of US$1,000, a ceiling of US$3,000 was raised for this modality and tariffs were removed for the first US$400.
This is just one of the opening aspects in which Javier Milei’s administration has been advancing: previously, non-automatic licenses, Customs criteria values and Tariffs were reduced for hundreds of products.
Source: Ambito
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