ANNOUNCEMENT 07 Jul 2012In July 2012, the government of Argentina announced a change in the local input requirements for the participation in certain public purchases.
NUMBER OF INTERVENTIONS
Decree 1188 of 17 July 2012, published in Official Gazette of 19 July 2012: http://www.infoleg.gob.ar/infolegInternet/anexos/195000-199999/199781/norma.htm
On July 7, 2012, the Government of Argentina ordered through Decree 1188/2012 that government entities can acquire motor vehicles for public services exclusively through leasing contracts of NACIÓN LEASING S.A., a subsidiary of the Banco de la Nación, a state owned bank. NACIÓN LEASING S.A. only makes leasing contracts for imported capital goods if there are no local alternatives available.
The measure took effect on July 19, 2012.