ANNOUNCEMENT 14 May 2012In May 2012, the government of Argentina announced a change in the required local operations to serve domestic customers.
NUMBER OF INTERVENTIONS
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
Bolet?n Oficial de la Republica Argentina, May 28, 2012, Resoluci?n 13/2012 (Secretar?a de Miner?a): http://www.boletinoficial.gov.ar/Avisos/VerPDF.castle?f=20120528&s=01&pd=13&ph=0
Mineweb.com, May 30, 2012, 'Argentina tightens trade restrictions screws on mining operators': http://mineweb.com/mineweb/content/en/mineweb-political-economy?oid=152331&sn=Detail
Resolution no. 13/2012 of the Argentinean mining ministry of May 14, 2012 (entry into effect on the 28th of May), introduced a number of measures for mining corporations with operations in Argentina. Those companies are now obliged to set up an import substitution department and to 'respect the current norms of the Republic of Argentina in the design and completion of engineering projects', i.e. to prioritise local purchases and services. If this is not possible, an approval must be obtained from the mining ministry at least 120 days prior to the import. The affected trading partners for this measure have been established based on the list of mining companies active in Argentina available at http://www.argentinamining.com/en/empresas-mineras-en-argentina/.