Fruits from Chile and Argentina's announcement to include imported products in the basic basket, exempting them from taxes

Published 2024년 3월 13일

Tridge summary

The Argentine Government is opening imports for basic basket products and applying tax discounts to some items to combat rising prices due to unmet inflation expectations. The Central Bank of Argentina will shorten the payment period for imports of food, beverages, and cleaning, care and personal hygiene products. Additionally, VAT and Income Tax on imports of these products and medicines will be suspended for 120 days. This move is expected to stimulate the importation of basic basket products, leading to increased competition and a decrease in inflation.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Argentine Government reported yesterday Tuesday that after the meeting with supermarkets they decided to open imports for basic basket products and that tax discounts will even be applied to some to give them competitiveness. The news was delivered by the presidential spokesperson, Manuel Adorni, who said that with this measure they seek to correct prices that increased too much due to inflation expectations in the sector that were not met. He added: “We understand that the economy is gradually normalizing and the decision has been made to definitively open imports of certain family economy products in order to make prices more competitive, for the benefit of families and consumers. Argentines. Also with some tax cuts on imported products to help correct prices that have risen more than they should, to accelerate the normalization of prices.” This announcement occurs prior to the February inflation being released, which will be released by Indec and which the Government ...

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.