Global Trade Alert

On December 14, 2010, the Government of Argentina adopted reference prices applicable to the importation of 'Long pile' fabrics from China, Indonesia, South Korea, Taiwan, Thailand, and other Asian countries.
 
The product subject to this measure is classified under the following tariff line of MERCOSUR's Harmonized System: 6001.10.20.
 
The measure took effect on 16 December 2010.
 
Argentina introduced reference values of precautionary nature forimported goods inJune2005(inSpanish:valorescriteriodecarácterpreventivo).Thestatedpurpose is tostrengthencustomscontrolandpreventunder-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