IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 17 Dec 2015 | Removal date: open ended
Still in force

Import-related non-tariff measure, nes

Furthermore, the Argentinian Central Bank's Communication “A” 5850 liberalised the payment requirements for imports of goods and services.

1) Imports of Goods

The term to prove the entry registration of imported non-capital goods is extended from 120 to 180 calendar days.

Access to the foreign exchange market for the new payments of imports with customs clearance date as of now (i.e. 17 December 2016) is possible to be paid through the local foreign exchange market without any limit.

Debts related to imports of goods that are with a pending payment dated as of 16 December 2016, can be repaid through the local foreign exchange market if they represent one of the followings: debts of federal and local governments (including entities controlled by the public sector); debts secured by letters of credit (or similar) or granted by local financial entities until 16 December 2016; and/or debts incurred with International Agencies or Official Credit Agencies (including the ones guaranteed by them).

The remaining debts from imports of goods may be repaid through the local foreign exchange market subjected to the following schedule: from the effective date of the Communication until 31 December 2015, the maximal amount of foreign currency purchased for this purpose is USD 2.000.000; from January 2016 to May 2016, the maximal amount of foreign currency purchased for this purpose is USD 4.500.000 per calendar month; and from June 2016, no amount limits will be applied.

 

2) Import of Services

As of 17 December 2015, access to the local foreign exchange market for payments of imported services is without any limits. 

Furthermore, debts for services that are either provided or accrued up to 16 December 2016, can be repaid through the local foreign exchange via the following schedule: from February 2016, the maximal amount of foreign currency purchased for this purpose is USD 2.000.000; from March 2016 to May 2016, the maximal amount of foreign currency purchased for this purpose is USD 4.000.000 per month; and from June 2016, without any limits.

AFFECTED COUNTRIES

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