ANNOUNCED AS TEMPORARYNo
On 31 July 2013, the Federal Administration of Public Revenue (AFIP) adopted General Resolution 3518 increasing the reference prices applicable to Yerba Mate for export. The affected Mercosur Nomenclature (NCM) codes include NCM 0903.00.10 and 0903.00.90. The values vary from USD 1.86to 3.10per kg for each type of Yerba Mate and country of destination (see 'Affected Trading Partners').
Argentina introduced reference values of precautionary nature for exportgoods in 2005 (in Spanish: valores referenciales de carácterpreventivo). The stated purpose is to safeguard the revenue derived fromthe payment of export duties (see WTO Trade Policy Review).The reference values are based on free on board (FOB) prices in USD. Alist with all current reference values can be consulted under: www.afip.gob.ar/Aduana/valoracion/Valores%20Referenciales%20vigentes.pdf
The measure was effective on 8 August 2013 and suspends the reference prices stipulated in General Resolution 3144 of 24 June 2011 (see 'Related Measures').
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