ANNOUNCEMENT 14 Jul 2017

The Government of Argentina modified the reference prices set on exports of powdered milk to different destinations.

NUMBER OF INTERVENTIONS

2

  • 1 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

InfoLeg. Administración Federal de Ingresos Públicos. Resolución General 4092-E/2017. Available at: http://servicios.infoleg.gob.ar/infolegInternet/anexos/275000-279999/276905/norma.htm

InfoLeg. Administración Federal de Ingresos Públicos. Resolución General-E 4161/2017. Available at: http://servicios.infoleg.gob.ar/infolegInternet/anexos/290000-294999/291647/norma.htm

Inception date: 14 Jul 2017 | Removal date: 28 Nov 2017

Export tax

On July 12, 2017, the Federal Public Income Administration of Argentina issued Resolution General 4092-E/2017 reducing the reference prices set on exports of powdered milk (NCM  0402.21.10 and 1901.90.90) for certain specific destinations. The new criterion values range from a FOB value of USD 3.05 to USD 3.66 per kilogram. Previous reference prices ranged from USD 4.45 to USD 5.34 per kilogram. 

The new reference prices apply to Bolivia, Brazil, Colombia, Chile, Paraguay, Peru, Uruguay, Venezuela, Burkina Faso, Argelia, Botswana, Burundi, Cameroon, Central African Republic, Congo, Democratic Republic of Congo, Ivory Coast, Chad, Benin, Egypt, Gabon, Gambia, Ghana, Guinea, Equatorial Guinea, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Morocco, Mauritius, Mauritania, Niger, Nigeria, Zimbabwe, Rwanda, Senegal, Sierra Leone, Somalia, Zwaisiland, Sudan, Tanzania, Togo, Tunisia, Uganda, Zambia, Angola, Cape Verde, Mozambique, Seychelles, Djibouti, Comoras, Guinea Bissau, Namibia, South Africa, Eritrea and Ethiopia.

Update
On 27 November 2017, the Argentina Federal Administration of Public Revenue eliminated all reference values on exports (please, see related state acts).

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
Inception date: 14 Jul 2017 | Removal date: 28 Nov 2017

Export tax

The Public Income Federal Administration of Argentina established on July 12, 2017, via General Resolution 4092-E/2017, criterion values on powdered milk exported to Russia (NCM 0402.21.10). The new reference prices correspond to a FOB value ranging between USD 3.05 and USD 3.66 per kilogram. Previously, there were no criterion values for this destination.

Update
On 27 November 2017, the Argentina Federal Administration of Public Revenue eliminated all reference values on exports (please, see related state acts).