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Argentina's restrictions on imports

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Argentina's restrictions on imports - Page Text Content

S: ARGENTINA'S RESTRICTIONS ON IMPORTS

BC: Source: http://europa.eu/rapid/pressReleasesAction.do?reference=IP/12/503&

FC: Argentina's restrictions on Imports

1: Argentina’s import restrictions include a procedure to obtain an import licence.

2: Another requirement is that companies have to balance imports with exports. The European Union believes these measures are causing real damage to EU companies.

3: The measures include: | pre-registration and pre-approval of goods, called the "Declaración Jurada Anticipada de Importación". Since February 2012, this pre-approval requirement is applied to all imports.

4: -- Hundreds of goods also need an import license. Because of these procedures, imports are delayed or refused.

5: In early 2011, more than 600 product types were affected by this licence measure, such as electrical machinery, auto parts and chemical products.

6: Argentina requires importers to balance imports with exports, or to increase the local content of the products

7: they manufacture in Argentina. These measures delay or block goods at the border and affect industry in the EU and worldwide.

8: In early 2011, more than 600 product types were affected by this licence measure, such as electrical machinery, auto parts and chemical products.

9: - EU imports from Argentina primarily consist of agricultural products (food and live animals, 53%), chemicals (16%) and raw materials (14%),

10: while the EU mainly exports manufactured goods such as machinery and transport equipment, such as cars and car parts (50%) and chemicals (20%) to Argentina.

11: Argentina's restrictive measures are extending to more and more sectors.

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  • By: Maria F.
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  • Title: Argentina's restrictions on imports
  • Argentina is restricting imports and the EU is affected by these measures.
  • Tags: Argentina restrictions imports
  • Published: over 4 years ago

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