Global Trade Alert

On July 15, 2013, the Government of Argentina adopted reference prices applicable to the importations of billets or products of iron or non-alloy steel from Brazil, Chile, Paraguay, and Uruguay.
 
The products subject to this measure are classified under the following lines of MERCOSUR's Harmonized System:7207.11.10, 7207.11.90, 7207.12.00, 7207.19.00, and 7207.20.00.
 
The measure took effect on 17 July 2013.
 
Argentina introduced reference values of precautionary nature forimported goods in June 2005 (in Spanish: valores criterio de carácterpreventivo). The stated purpose is to strengthen customs control andprevent under-invoicing. Importers are required to provide guaranteesfor the difference in duties and taxes if the declared price of animport 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