The Ministry of Finance reported that some benefits for the national industry are extended until 2030, such as Temporary Admission for intra-zone trade and the zero-tariff regime for the importation of agricultural inputs.
In this regard, the Southern Common Market (Mercosur) approved CMC Decision No. 10/21 that extends until December 31, 2030 the period established for:
* The use of the “Draw back” Regime and Temporary Admission for intra-zone trade.
* The application for Paraguay and Uruguay of a 0% rate for the importation of agricultural inputs.
* The application of the Raw Material Regime of Paraguay.
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In this context, the Treasury reported that two of the three regimens mentioned are currently used by the national industry:
* The Temporary Admission, which is the figure used as the basis of the Maquila Regime.
* The Raw Materials Regime, through which industries import inputs and raw materials without paying import duties.
To apply the aforementioned measures in our country, the Government promulgated Decrees No. 8663/22 and No. 8664/22.
The Decree No. 8663/22 incorporates into our national legal system the Mercosur standard that extends the term of the aforementioned regimes.
Meanwhile he Decree No. 8664/22 establishes at the national level the extension of Decree No. 11,771/2000 “Raw Materials Regime” until December 31, 2030.
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These rules, in addition to extending the term for the use of regimes, which are in high demand by the national industry, extend the favorable conditions for the importation of inputs or raw materials at more competitive prices.
According to the analysis carried out by the Directorate of Integration, dependent on the Undersecretary of Economy, regarding the Raw Material Regime for industrial companies imported an annual average of USD 399 million of raw materials and inputs in the 2017-2021 period, reaching a total of approximately USD 2,000 million in those five years.
Raw materials imported with a 0% tariff were used to manufacture pesticides, iron and steel products, tobacco, pharmaceutical products, clothing, fertilizers, animal feed, glass products, and mattresses, among others.
