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Argentina to Require Companies to Obtain Permission to Import

Wednesday, January 18, 2012
Sandler, Travis & Rosenberg Trade Report

Press reports state that beginning Feb. 1 Argentina will require companies to obtain permission from AFIP, the country’s tax agency, before they import foreign-made goods. This requirement is the latest effort by Argentina to improve its trade balance and boost its domestic manufacturing sector by reducing imports.

A Financial Times article states that “importers will be required to file a sworn statement to the tax agency, which will be studied by the competent authorities, and then wait for approval or rejection,” though it remains unclear how long that process may take. Mercopress adds that the statement will have to be made “previous to the issuing of the request, purchase order or similar document used for completing overseas purchasing operations.”

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