Global Trade Alert

On November 2, 2010, the Government of Argentina adopted reference prices applicable to the importation of Poly (ethylene terephthalate) from China, Singapore, Taiwan, Thailand and other Asian countries. The product subject to this measure is classified under the following tariff lines of MERCOSUR's Harmonized System: 3907.60.00.

The new reference price has been set at a FOB value of USD 1.30 per kilogramme. Previously, no reference price applied to this product. 

This General Resolution affects the following jurisdictions: the Republic of Korea, Democratic People's Republic of Korea, China, Chinese Taipei, Philippines, Hong Kong, India, Indonesia, Malaysia, Pakistan, Singapore, Thailand and Vietnam.
 
The measure was in effect from 4 November 2010 to 13 September 2011 (see also "Related Measures").

Import Criterion Values
Argentina introduced reference values of precautionary nature forimportedgoodsinJune2005(in Spanish:valorescriteriodecarácterpreventivo). The stated purpose is to strengthen customs control and prevent under-invoicing. Importers are required to provide guarantees for the difference in duties and taxes if the declared price of an import is lower than its reference price (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