Due to the impact of low consumption and inflation, the Argentine government is gradually opening up imports. The Argentine Ministry of Commerce Secretariat announced to major supermarket chains in the country that, starting in August, each chain will be allowed to import 20% more textiles, toys and food.
Guillermo Moreno, Secretary of the Ministry of Commerce of Argentina, agreed to relax imports. In the first half of this year, trade Argentina’s surplus increased by 26% compared with the same period of last year. He believes that the relaxation of regulations will help to supply people’s livelihoods and curb prices. The Ministry of Commerce of Argentina requires that each chain store provide the average import amount in June and July, and then allow each chain store to increase its import value by 20%. For example, the average monthly import of 200,000 US dollars, in August can be imported 240,000 US dollars.
Diego Santisteban, President of the Argentina Import Association, said that import controls have shown signs of loosening in the past two weeks, such as a slight improvement in the import of raw materials needed by industry. Santisteban believes that the relaxation of imports is due to the Argentine government’s perception that excessive controls have led to a decline in domestic consumption.
Guillermo Moreno, Secretary of the Ministry of Commerce of Argentina, agreed to relax imports. In the first half of this year, trade Argentina’s surplus increased by 26% compared with the same period of last year. He believes that the relaxation of regulations will help to supply people’s livelihoods and curb prices. The Ministry of Commerce of Argentina requires that each chain store provide the average import amount in June and July, and then allow each chain store to increase its import value by 20%. For example, the average monthly import of 200,000 US dollars, in August can be imported 240,000 US dollars.
Diego Santisteban, President of the Argentina Import Association, said that import controls have shown signs of loosening in the past two weeks, such as a slight improvement in the import of raw materials needed by industry. Santisteban believes that the relaxation of imports is due to the Argentine government’s perception that excessive controls have led to a decline in domestic consumption.
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