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Public procurement localisation
On 10 May 2018, the Law 27437 concerning the imposition of local content requirements in public procurement was published in the Argentine Official Gazette.
The new law establishes that in any public contract surpassing ARS 240 million (USD 10.6 million at the time the measure was published), the awardee must enter into a productive cooperation agreement to subcontract goods and services provided by local companies worth at least 20% of the total value of the public contract.
Previously to the new law, the minimum local content requirement on public procurement was not defined and decisions were made on an individual basis.
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