IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

Yes

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: 05 Sep 2013 | Removal date: 31 Dec 2013
Still in force

Production subsidy

On September 5, 2013, the Argentinian Ministry of Employment passed Resolution 693 amending Resolution 67 of 2013 concerning the applicable employment subsidy listed under the Productive Recovery Programme. The new legislation increased the monthly subsidies that employees working in companies with financial difficulties could obtain. The new value of the subsidy was set at 1,500 Argentine pesos (USD 263.02) whereas before it was set at 1,000 Argentine pesos (USD 175.35). Firms can only benefit from this subsidy for a maximum of one year.

AFFECTED COUNTRIES

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