ANNOUNCEMENT 10 Mar 2010In March 2010, the government of Argentina announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
Decree 353/2010: http://www.infoleg.gov.ar/infolegInternet/anexos/165000-169999/165078/norma.htm
Decree 494/2012: http://www.infoleg.gov.ar/infolegInternet/anexos/195000-199999/196064/norma.htm
Decree 1666/2012: http://www.infoleg.gov.ar/infolegInternet/anexos/200000-204999/202296/norma.htm
Ministry of Industry, 19 September 2012 (In Spanish): http://www.industria.gob.ar/cristina-anuncio-prestamos-a-tasa-subsidiada-para-la-compra-de-colectivos-de-media-y-larga-distancia-maquinaria-agricola-y-vial/
WTO-UNCTAD-OECD Eighth Report on G20 Trade and Investment Measures, mid-May to mid-October 2012: http://www.oecd.org/daf/internationalinvestment/8thG20report.pdf
Within the framework of a cargo-fleet renovation plan, Argentina launched a subsidies program aimed at boosting purchases of new cargo trucks produced in Mercosur Member States.
The measure, originally announced in November 2009, will benefit SMEs owning up to five obsolete units (exceeding thirty years). Each eligible firm will receive, in exchange for one of its old units, a grant of US$ 6000-7000 and a subsidized credit to acquire a new truck. Only units produced in Mercosur countries may be acquired with the benefit.
On 10 April 2012, the president of Argentina decreed (Decree 494/2012) the extension of the program, so as to includelocally manufactured agriculture and road construction machinery. The total amount of money available for the extension is 8.5 billion pesos (roughly US$ 1bn). On 11 September of the same year, a decree (Decree 1666/2012) regulating the modalities of the extension was issued. Depending on the size and the geographic location of the firm, leasing interest rates vary between 5 and 9.5%.