IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 10 Mar 2010 | Removal date: open ended
Still in force

State loan

Within the framework of a cargo-fleet renovation plan, Argentina launched a subsidies program aimed at boosting purchases of new cargo trucks produced in Mercosur Member States.
The measure, originally announced in November 2009, will benefit SMEs owning up to five obsolete units (exceeding thirty years). Each eligible firm will receive, in exchange for one of its old units, a grant of US$ 6000-7000 and a subsidized credit to acquire a new truck. Only units produced in Mercosur countries may be acquired with the benefit.
 
On 10 April 2012, the president of Argentina decreed (Decree 494/2012) the extension of the program, so as to includelocally manufactured agriculture and road construction machinery. The total amount of money available for the extension is 8.5 billion pesos (roughly US$ 1bn). On 11 September of the same year, a decree (Decree 1666/2012) regulating the modalities of the extension was issued. Depending on the size and the geographic location of the firm, leasing interest rates vary between 5 and 9.5%.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

444 Machinery for mining, quarrying & construction; parts
8704 Motor vehicles for the transport of goods.
870410 Dumpers designed for offhighway use
491 Motor vehicles, trailers & semi-trailers; parts
8704 Motor vehicles for the transport of goods.
870421 g.v.w. not exceeding 5 tonnes
870422 g.v.w. exceeding 5 tonnes but not exceeding 20 tonnes
870423 g.v.w. exceeding 20 tonnes
870431 g.v.w. not exceeding 5 tonnes

Please report this page in case you detect an inaccuracy in its content.