Global Trade Alert

On 3rd June 2015, the government of Argentina introduced an updated list of criterion values for imports of certain textured yarn of polyesters (HS Code 5402.33.00, 5402.44.00, 5503.20.10 and 5503.20.90). The updated criterion values for imports of certain textured yarn of polyesters correspond to a FOB value ranging from USD 1.67 to USD 12.20 per kg. The previous import criterion values ranged from a FOB value of USD 1.84 to USD 2.66 per kg. The updated list of criterion values for imports introduced in 2015 refer to the following countries: South Korea, North Korea, China, Philippines, Hong Kong, India, Indonesia, Malaysia, Pakistan, Singapore, Taiwan, Thailand, and Viet Nam. Following the GTA de minimis rule, only trading partners with imports to Argentina exceeding USD 1 million are listed as affected.

Update
On 25 January 2019, the Federal Administration for Public Revenue of Argentina adopted General Resolution 4404/2019 eliminating the import criterion values set on tariffs subheading 5503.20.90 (please, see related state acts).