ANNOUNCEMENT 10 Mar 2011

In March 2011, the government of Argentina announced a change in the private sector requirements to balance imports and exports.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 03 May 2011 | Removal date: open ended
Still in force

Trade balancing measure

On March 10th, 2011, the Argentinean Ministry of Industry adopted a 'verbal' measure, whereby imports of cars and inputs used by local car producers would be limited to the value of local production that they export (see GTA Measure N° 2628).
Starting on May 3rd 2011, local media reported that similar restrictions were being extended to the pharmaceutical industry. As in the case of the automotive industry, local suppliers of pharmaceutical products were required to submit deficit-reduction plans as a condition to get the necessary import permits.
In order to avoid supply shortages in the local market, only locally produced medicines are subject to the measure.

AFFECTED SECTORS