*Argentina’s government led by President Javier Milei has announced the simplification of processes for importing steel, aluminium, and other construction materials. In a statement, the government said this had the aim of “encouraging competition and lowering costs”. By modifying the technical regulation of steel, the government states that 31% of steel imports will no longer be subject to customs intervention, resulting in a greater supply and lower costs for key productive sectors. It also announced the digitalisation of the stock replenishment regime (Repostock), a system that allows for the replenishing of the stock of imported products that have been used in industrial exports, which it said would bring tax benefits to over 5,000 companies.
Back
LatinNews Daily - 30 August 2024
In brief: Argentina simplifies import process for key construction materials
- VENEZUELA: Colombia welcomes Maduro’s meeting with former foreign minister
- In brief: Venezuela claims strong GDP growth
- BRAZIL: Social media platform X continues to defy court orders
- In brief: Brazil’s central bank announces sale of US dollars
- HONDURAS: Castro defends decision to end US extradition treaty
- In brief: Dominican Republic reduces interest rates
- MEXICO: Violence erupts in Sinaloa
- In brief: Mexico’s Sheinbaum looks to boost ties with Germany
- ARGENTINA: Ruling party loses another member
- In brief: Argentina simplifies import process for key construction materials