The Government copies a Brazilian measure and lowers auto parts tariffs

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The Government decided to reduce tariffs on imports of auto parts that are not produced in the country in order to improve the competitiveness of the sector. Through a resolution of the Ministry of Industry, expanded the list of goods subject to tariff reduction to 2% for about 130 auto parts, provided they have as destination the production of vehicles and auto parts.

The objective of the measure is to reduce costs and improve the competitiveness of companies in the value chain and includes manufacturers of trailers, buses, trucks and agricultural machinery. The initiative is the result of joint work with the Association of Automotive Manufacturers (ADEFA), the Association of Argentine Factories of Components (AFAC) and the Association of Metallurgical Industries of Argentina (ADIMRA) within the framework of the 1 Million Plan, indicated in a statement the Ministry of Production.

The Common Automotive Policy signed by Argentina and Brazil, effective until June 2020, allows each country to implement tariff reductions of up to 2% for non-produced auto parts. Recently the Brazilian State announced a series of incentives for the local industry. Therefore, the Minister of Production, Dante Sica, traveled on July 9 to Brasilia. Sica told his Brazilian counterpart, Marcos Jorge, the concern of Argentina over the sanctioned regulations, which include benefits for the importation of auto parts not produced in Brazil.

The Government has been working with terminals, autoparts, unions and provincial governments in the 1 Million Plan that seeks to improve the competitiveness of industry and employment. A little more than a year after the signing of the Plan, it made progress in a series of measures such as the opening of the Colombian market, the approval of the circulation of bitrates, the lowering of customs costs and the financing of supplier development projects for almost $ 1,000 million, among others.