The Argentine government incorporated poultry meat into the regime of "Non-Automatic Import Licenses"

Published 2021년 7월 29일

Tridge summary

The Ministry of Productive Development in Argentina has included several food items, including poultry meat, bacon, cheese, egg products, coffee beans, breakfast cereals, and animal feed preparations, among others, into the "Non-Automatic Import Licenses" regime as part of provision 21/2021. This move aims to leverage the competitive advantage gained from access to subsidized foreign exchange for food imports, due to the growing gap between the official and real exchange rates. The ministry emphasizes that this Import Licensing system is crucial for identifying disruptive behavior in foreign trade and managing it to support national development.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The growing gap between the official exchange rate - artificially intervened by the national government - and the real dollar (MEP) represents a great competitive advantage for those who manage to access foreign exchange at a subsidized price to carry out food imports. In this framework, the authorities of the Ministry of Productive Development, through provision 21/2021, decided to incorporate into the "Non-Automatic Import Licenses" regime a series of foods, including poultry meat, bacon , grated or powdered cheese, egg products, coffee beans, roasted and soluble, breakfast cereals, tomato puree, packaged potato chips, champagne and preparations for animal feed, among others. Imports of poultry meat are marginal: in the first half of the year - according to official data - they were 3.56 million CIF dollars, while in the same period of 2019 they had added 4.76 million (2020 is not comparable for distortions generated by the Covid-19 pandemic). The same can be said, for example, ...

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