Argentina Expedites Imports of Used Assets for Oil and Gas Industries
An ongoing expansion of Argentina’s oil and gas industry driven by increasing discoveries of shale oil and gas got a boost this week with the publication of a government regulation expediting the entry of used fixed assets destined for that industry. This new regulation, issued jointly by the Trade Secretariat and the Ministry of Industry (joint res. 184/14 and 294/14), grants a provisional permit valid for 180 days during which such assets can be entered and used in production while authorities review compliance with legal requirements and issue the definitive used assets import certificate. Previously, this certificate had to be issued before customs clearance could be authorized, a timeframe that imposed a burden on the industry.
Oil and gas industry officials are encouraged to contact Sandler & Travis Trade Advisory Services Argentine trade expert Samanta Madsen Santamarina to begin taking advantage of the opportunities presented by this new development. Ms. Madsen can be reached by email at firstname.lastname@example.org or toll-free in the U.S. and Canada at (877) 589-9565. In Argentina call +54 (11) 5984-3955.
STTAS will be conducting a webinar on oil and gas industry imports into Argentina on Oct. 29. Click here for more information or to register.