The national government signed a “voluntary” agreement with the Argentine Industrial Chamber of Clothing (CIAI) and with companies in the textile sector to maintain clothing prices until December 1.
The reference values that will be taken are the ones that the garments recorded on September 5 past.
The understanding was reached this afternoon at a meeting held at the Palacio de Hacienda, which was headed by the Minister of Economy, Sergio Massa, and by the Secretary of Commerce, Matías Tombolini.
Measure understands the prices of more than 60 brands which will be available throughout the national territory in shopping malls, supermarkets and the firms’ own premises. In addition, it provides that as of December 1 and for a period of 180 days, prices will be adjusted in relation to the variation in the official exchange rate.
According to official information, the marks signed the understanding 47 Street, Addnice, Adidas, Akiabara, Amphora, Awada, Ay not dead, Azzaro, Baby Cottons, Bensimon, Billabong, Bimba, Bolivia, Bowen, Carmela Achaval, Caro Cuore, Cheeky, Clara Ibarguren, Como tú, Cristóbal Colón, Cuesta Blanca, DC Shoes, Desiderata, Black Label, Furzai, and Grimoldi.
Also the companies Grisino, Boer, Jazmín Chebar, Juanita Jo, Kosiuko, Herencia, La Martina, Lacoste, Las Pepas, Lázaro, Levis, Little Akiabara, Lola, Maria Cher, Markova, Midway, Mimo, Mishka, Naum, Nike, Old Bridge, Original Penguin, Paula Cahen D’Anvers, Perramus.
To which were also added Portsaid, Prune, Quiksilver, Rapsodia, Roxy, González Tailoring, Stance, System, Tascani, Taverniti, Uma, Vitamina, XL Extra Large, Yagmour and Zara, and by the United Supermarkets Association (ASU).
understanding provides mechanisms by the Secretary of Commerce to audit and verify compliance with it.
In this regard, Massa argued that “these are measures that respond to stabilizing the situation in order to project the export competitiveness of companies, order in prices and macroeconomic stability.”
For his part, Tombolini stressed: “This agreement gives us predictability to take care of the pockets of Argentines and that is why we celebrate the effort on the part of the industry” and pointed out that they will work “together to improve the offer and so that the sector can export more.
While, the president of the Argentine Industrial Chamber of Clothing, Claudio Dreschersaid that “we take responsibility for this agreement to be fulfilled and we do it with conviction because, like any Argentine businessman, we want the country to move forward.”
There are more than 60 clothing brands included that can be obtained in its own stores, supermarkets and shopping malls throughout the country.
More information here ? https://t.co/ANMUzebxVh pic.twitter.com/lhbBsHf0ud
– Matias Tombolini (@matiastombolini) September 22, 2022
