Global Trade Alert

On February 17, 2011, the Government of Argentina adopted reference prices applicable to the importation of tubular or bifurcated rivets, press-fasteners, and buttons of base metal from China and other Asian countries. The product subject to this measure is classified under the following tariff line of MERCOSUR's Harmonized System: 8308.20.00, 9606.10.00 and 9606.22.00.
 
These reference prices entered into force on February 21, 2011.
 
Argentina introduced reference values of precautionary nature forimportedgoodsinJune2005(inSpanish:valorescriteriodecarácterpreventivo).Thestatedpurpose istostrengthencustomscontrolandpreventunder-invoicing. Importersarerequired toprovideguaranteesforthedifferenceindutiesandtaxesifthedeclaredpriceofanimport islowerthanitsreferenceprice(see 7th GTA Report and 2014 National Trade Estimate Report).A list with all current import reference prices can be consulted under:www.afip.gov.ar/aduana/valoracion/valores.criterios.pdf