ANNOUNCEMENT 13 Sep 2014In September 2014, the government of Argentina announced a change in the required local inputs to serve domestic customers.
NUMBER OF INTERVENTIONS
On September 13, 2014, Argentina launched the 'Ahora 12' program. This program allows individuals to finance the purchase of certain domestically-manufactured goods, in 12 monthly installments without interest.
The list of the domestically manufactured products that this program applies to are: (1) technical appliances, (2) Attires, (3) Footware and Leather Goods, (4) Furniture, (5) Construction Materials, (6) Motorbikes, (7) Bikes, (8) matterses and sommiers, (9) books, (10) tourist packages and (11) Glasses.
The programwas initially effective until March 1, 2015, but Argentina passed the Resolution 16/2015 extending the program puntil December 15, 2015.
However, on December 14, 2015, a joint resolution launched by the Ministry of Production and the Ministry of Trasury and Public Finance (Resolution 1/2015), extended the duration of the program until March 31, 2016.
Later, with Resolution 87/2016, passed on March 30, 2016, the program was extended until September 30, 2016. This expiration date was again extended until January 31, 2017 with Disposition 51-E/2016 passed by the Domestic Trade Subsecretary.