Local exports gain easier access to Argentinean market
(VOV) - A number of Vietnamese exports will penetrate Argentina after the South American country decided to rescind its non-tariff trade measures.
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The Vietnam Trade Office in Argentina has reported that on January 25, the Argentinean government abolished regulations requiring importers to apply for the foreign trade agency’s import certificates before trading commodities like paper, home utensils, toys, footwear, hats, garments and textiles, mechanics, automobiles, motors, and spare parts.
Most of these goods were burdened with the maximum import tariff of 35 percent. The Argentinean government had reasoned tariff levels needed to accord with the Mercosur Common Market (Argentina, Brazil, Paraguay, Uruguay, and Venezuela) to ensure international trade balance in the context of the global economic slowdown.
In December 2011, the Mercosur Common Market authorised its members to increase import tariffs on 100 items—equivalent to tariff levels committed to the World Trade Organisation (WTO).
The new regulations on non-tariff barriers are expected to facilitate the Vietnamese exports to the Argentinean market that have suffered under the shadow of maximum import tariffs for many years.