Imports advance: tariffs, agreement with the European Union, stocks and a last gift from the COUNTRY Tax

Imports advance: tariffs, agreement with the European Union, stocks and a last gift from the COUNTRY Tax

The Government accelerates the opening of imports. As far as he could know Scope, the Ministry of Economy will continue with the path of lowering tariffs . They are also betting on new trade agreements and progress could be made between the European Union and Mercosur. The Central Bank decided to reduce the period for access to the exchange market from 60 to 30 days, which will prevent Javier Milei from losing $500,000 million in revenue. The industry, on alert.

The direction is clear and business owners take note. In recent weeks, given the promise of opening imports, three petrochemical factories closed their shutters or “converted”as the euphemism popularized some years ago would say to characterize industrialists who become importers.

As this media learned, before making that decision about the business, It was the Government’s own representatives who told the businessmen that there was a path laid out for the reduction of tariffs. and that although their products were not reached by last week’s announcement that reduced rates of about 60 items, sooner rather than later they will enter the list.

In this way, Three business sources confirmed that the Government informed them that new tariff reductions are coming. Added to this certainty are the exchange rate appreciation, the elimination of tariff barriers and criterion customs values, the virtual paralysis in the analysis of antidumping processes, among other issues. The sign is unmistakable.

Last chance: Mercosur-European Union agreement?

Another key factor appears on the opening agenda: Mercosur. The regional alliance that was initially despised by Javier Milei’s administration could become the key to sealing the first major trade agreement of this administration in the coming days..

This is that pact between the European Union and the South American bloc that former Foreign Minister Jorge Faurie signed in tears back in 2019 but never came into force. “Unless something very strange happens, it will be signed on November 18 at the G-20 summit in Brazil,” said a qualified diplomatic source.

“It is the last opportunity for this agreement,” they remark in those around Diana Mondino. The pact is seen as an opportunity for some sectors of the countryside but generates uncertainty in several areas of the industry. Last month, the head of the UIA Daniel Funes de Rioja had asked President Milei for a “balanced playing field” to compete against countries that “do not export taxes.”

The stocks and a last gift from the PAIS tax

On Thursday afternoon the Central Bank announced a reduction from 60 to 30 days in the period for accessing the exchange market for the payment of imports. The measure that will take effect starting this Monday was taken by the market as a fundamental step towards the normalization of the exchange rate scheme.

But, as always and like everything, the measure brings complementary objectives. The thing is, as he pointed out in his X account the former head of Customs Guillermo Michel, the PAIS tax expires on December 24, if import payments fall after that date, the tax could not be collected, much less the 95% advance.

The public accountant and lawyer from Entre Ríos pointed out that the main objective of the measure is collection and calculated that the shortening of the deadlines It will prevent the Government from losing “no less than $500,000 million between now and the end of the year.”

Source: Ambito

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