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The country will fully open up the import of basic daily necessities! Significantly shorten the import payment period!
time 2024-03-20 08:49:40 source:

On March 12, local time, Argentine presidential spokesman Adoni announced that the Argentine government has ordered the opening of food and medicine imports among household necessities, aiming to cope with the current inflation situation and achieve "competitive prices."


Adoni said the measure would benefit Argentine households and consumers by making prices more competitive and would reduce taxes on these imported products.


This opening-up measure complements a series of new economic policies announced by the Argentine government in December last year, aiming to normalize trade and comply with international rules of the World Trade Organization.



Adoni said at a recent press conference: "The government has decided to completely open up the import of some household basket products in order to make prices more competitive and benefit Argentine families and consumers." He also announced that the basis for imports will be Lower taxes on basket products "help correct prices and accelerate their normalization."

Adoni mentioned the meeting between Economy Minister Caputoben and supermarket representatives, and revealed that the merchants themselves admitted that "the price increase was higher than inflation expectations." The businessmen had predicted catastrophe, but in fact this scene did not happen.

He also posted on social networks: "The government has decided to take measures to improve competition in the basic basket of products and medicines and reduce inflation."

Adoni announced: "The Central Bank of Argentina will shorten the payment period for imported food, beverages, cleaning supplies, personal care and hygiene products from four installments of 30 days, 60 days, 90 days and 120 days to once every 30 days. Sexual payments. ” In addition, “it was decided to suspend the collection of additional value-added tax and income tax on the above-mentioned products and medicines within 120 days.”
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