He government Argentino, led by Javier Milei, has taken significant steps to comply with two of the main claims of the United States, in an effort to move towards a commercial agreement that allows reducing tariffs recently imposed by the administration of Donald Trump.
These measures of Governmentwhich include the flexibility of the exchange rate for the payment of imports and the opening to the importation of used capital goods, are part of a broader strategy to eliminate commercial barriers and promote foreign investment.
The flexibility of the exchange rate, implemented this week, allows to normalize the payment of imports and the rotation of dividends abroad, a measure that seeks to relieve tensions in international trade and improve access to the exchange market.
This change was possible thanks to the agreement reached with the International Monetary Fund (IMF), which has also supported other economic reforms in the country. On the other hand, the opening to the importation of used capital goods, such as agricultural machinery and reconditioned medical equipment, eliminates restrictions that had been in force for decades.
This measure not only facilitates the recapitalization of key productive sectors, but also reduces costs for companies that need to incorporate technology into their processes. Both initiatives respond to observations included in the Annual Report “Barriers to Foreign Trade” prepared by the Office of the United States Commerce Representative (USTR).
This document identifies obstacles that hinder trade and investment between the two countries, such as distortive taxes, health regulations and exchange restrictions. When addressing these points, Argentina seeks to improve their commercial relationship with the United States and move towards an agreement that reduces 10% tariffs recently imposed on most Argentine products.
Trade
In parallel, Mercosur has also taken measures to facilitate international trade. Foreign ministers of member countries (Argentina, Brazil, Uruguay and Paraguay) have instructed their Governments to temporarily expand the national list of exceptions to the Common External Tariff (AEC), allowing up to 50 tariff codes to be excepted.
This initiative seeks to modernize the block and adapt it to the current needs of global trade. The recent visit to Buenos Aires by Scott Besent, secretary of the United States Treasury, was seen as a support for the management of Milei and its approach to the White House.
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