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Argentina has set antidumping and countervailing measures on various occasions, some of which still remain in force.
Imported goods for consumption that benefit from a subsidy abroad may be subject to a compensatory duty when they cause, or threaten to cause, serious damage to a local industry.
These stipulations could change based on economic conditions.
Companies located in Argentina wishing to import must be registered in the National Registry of Importers and Exporters.
The Argentine Congress approved it in December 2012, and the Customs Code is now in force.
These regulations created a new system to determine “reference import values” (valores criterio) for products to be compared with the value declared at Customs by the importer, and impose stricter conditions to import when the declared unitary FOB value represents less than 80 percent of the reference value.At this writing, negotiations were continuing on a further extension.While there is no legal prohibition against foreign companies repatriating profits, GOA regulations implemented in November of 2011, mandating that firms receive permission from AFIP in order to exchange local currency into foreign exchange, serve as a de-facto control on the ability of foreign firms to repatriate profits.In these cases, the import process will continue, but the importer will bear additional restrictions such as: Several subsequent regulations have continued to update and expand the list of minimum/reference prices. products with reference prices include the following: At the same time, the Argentine Customs Bureau announced that there would be specific Customs checkpoints that will control imports of certain product categories such as household appliances, electronic devices, motorcycles, textiles, apparel, footwear and toys.In 2008, Customs Notes 90 and 91 required importers of any goods from designated countries that are invoiced below the reference prices to have the invoice validated by both the foreign customs agency and the appropriate Argentine Embassy or Consulate. These items are traditionally the most affected by import restrictions.
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In practice, at the time of this writing the import of textiles/apparel and toys/games is severely restricted. Minimum Import Prices In May 2001, the GOA introduced minimum import prices/reference values on several products covered by specific HS codes to avoid under-invoicing.