ANNOUNCEMENT 17 Aug 2010In August 2010, the government of Argentina announced a change in import duties.
NUMBER OF INTERVENTIONS
Resoluci?n General 2895 of 17 August 2010, published in Official Gazette of 23 August 2010 (in Spanish): http://www.infoleg.gob.ar/infolegInternet/anexos/170000-174999/170818/norma.htm
Managed Exports and the Recovery of World Trade: The 7th GTA Report (Chapter 4, p. 55): http://www.globaltradealert.org/managed-exports-7th-gta-report
2014 National Trade Estimate Report on Foreign Trade Barriers (pp. 20-21): http://www.ustr.gov/about-us/press-office/reports-and-publications/2014-NTE-Report
On 17 August 2010, the Federal Administration of Public Revenue (AFIP) adopted General Resolution 2895, which introduces reference prices on imports of single and multiple or cabled yarn, containing at least 85% by weight of polyester, not intended for retail sale (except sewing thread), from certain Asian countries. The items figure under Mercosur Nomenclature codes 5509.21.00 and 5509.22.00. The corresponding reference prices, which represent free on board values, range from USD 1.78 per kg to USD 2.10 per kg.
Argentina introduced reference values of precautionary nature for import goods in June 2005. The stated purpose is to strengthen customs control and prevent under-invoicing. Importers are required to provide guarantees for the difference in duties and taxes if the declared price of an import is lower than its reference price (see 7th GTA Report and 2014 National Trade Estimate Report). A list with all current reference prices can be consulted under: www.afip.gov.ar/aduana/valoracion/valores.criterios.pdf
The measure took effect on 24 August 2010.