ANNOUNCED AS TEMPORARYNo
On April 4, 2012, the Government of Argentina adopted reference prices applicable to the importation of certain type of yarn (other than sewing thread) of artificial staple fibers from Indonesia, Vietnam and other Asian and Latin-American countries.
The products subject to this measure are classified under the following tariff lines of the MERCOSUR's Harmonized System: 5510.11.00, 5510.30.00 and 5510.90.00.
These reference prices will enter into force on April 10, 2012.
Argentina introduced reference values of precautionary nature forimported goods in June 2005 (in Spanish: valorescriteriodecarácterpreventivo). The statedpurpose is tostrengthencustomscontrolandpreventunder-invoicing. Importersarerequired toprovideguaranteesfor thedifference indutiesand taxesifthedeclaredprice ofanimport islower thanitsreferenceprice(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
The Global Trade Alert designates countries as affected trading partnerswhose bilateraltrade with the implementing jurisdiction has exceededthe minimumthreshold of USD 1 million in the year prior to theimposition of a measure. Therefore,the affected countries enumeratedby the Argentine government may notoverlap completely with thoseidentified by the GTA.
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