ANNOUNCED AS TEMPORARYNo
Trade balancing measure
On March 10th, 2011, the Argentinean Ministry of Industry adopted a 'verbal' measure, whereby imports of cars and inputs used by local car producers would be limited to the value of local production that they export (see GTA Measure N° 2628).
Starting on May 3rd 2011, local media reported that similar restrictions were being extended to the pharmaceutical industry. As in the case of the automotive industry, local suppliers of pharmaceutical products were required to submit deficit-reduction plans as a condition to get the necessary import permits.
In order to avoid supply shortages in the local market, only locally produced medicines are subject to the measure.
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