Problems relating to Trade and Investment on Argentina
3. Export requirements |
|||
Issue |
Issue details |
Requests |
Reference |
| (1) Administrative Guidance on Export Amount Equaling Import Amount | - GOA informally directs importers to export goods abroad, lest the import business negatively affects the Argentine trade balance. - Due to import restrictions, and inability to obtain import licence shipment to Argentina has been suspended. Member firm has obtained information to the effect that export to Argentina is only possible when equal amount of import takes place from Argentina. - Minister of Ministry of Industry, Foreign Trade and Services (MIFTS) demands investment into Argentina and export quota matching the import projection in foreign exchange in 2015. Member firm's subsidiary (MFS) contemplates meeting the GOA requirement by exporting to Argentina raw materials (e.g. aluminium) to its Japanese headquarters. |
- Creating export business is a difficult task for an importer. It is requested that Government of Argentina (GOA) totally repeals the export requirement upon importers. Should GOA desire to reduce the import amount, it would be more practical to express such requirement by (x)% against the preceding year. - It is requested that GOJ induces GOA toward deregulation of import. |
- Inconsistency with the WTO Agreement - Declaracion Jurada Anticipade de Importacion - DJAI No. 3252 (http://www.jetro.go.jp/ world/cs_america/ar/ biznews/4fa08f6cdafe8) - Contact sheet to present export plan and/or investment plan to match import plan |
| (Action) - On 6 December 2012, Japan, the U.S., and EU requested establishment of the WTO Panel regarding the import restrictions by Argentina. - On 28 January 2013, WTO Panel was established. - On 22 August 2014, WTO published its panel report, holding that the import restriction measures by Argentina are inconsistent with the GATT Article XI-1. - On 15 January 2015, WTO appellate body by its report in support of panel report, recommended GOA to take corrective measures. |
|||
| (Improvement) - On 2 July 2015, the parties agreed for Argentina to correct its export/import balancing requirement by 26 October 2015. |
|||
<<BACK |