ANNOUNCEMENT 28 Apr 2014In April 2014, the government of Argentina announced a change in the required local inputs to serve domestic customers.
NUMBER OF INTERVENTIONS
MEFP Decree 606/14 of 28 April 2014, published in the government gazette of 29 April 2014: http://www.cac.com.ar/documentos/33_606%2014.pdf
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
On 28 April 2014, the Ministry of Economy and Public Finance (MEFP) issued Decree no. 606/14, establishing the Argentine Economic Development Fund (FONDEAR). One of the specific aims of FONDEAR is to promote import substitution.
According to Article 5 of the Decree, projects can be wholly or partially financed through FONDEAR if they take place in strategic sectors and/or are important for regional development. Priority is granted to those projects that show export potential and/or the capacity to substitute imports for domestic products.