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Argentina Increases Import Tariff Rates on 100 products

Sustainability Economics Politics +4 more

ARGENTINA - Argentina increased import duties under the Common External Tariff (CET) of Mercosur for 100 products including agricultural products.

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On January 22, 2012, Argentina issued Decree 25/2013 increasing import duties under the Common External Tariff (CET) of Mercosur for 100 products including over a dozen agricultural products. The list had been anticipated since July 2012 after the Mercosur customs union agreed that member countries would raise import duties on 100 tariff lines of their choosing up to their bound rates. Brazil presented its list several months ago, Paraguay is momentarily suspended from Mercosur, and Uruguay has a more open policy and has not presented its list yet. The rates will be effective immediately through December 2014, with the option for annual renewal. In addition to agricultural products, the list also includes food processing machinery, agricultural equipment, equipment for mining and petroleum, computers, tires for all types of vehicles, sunglasses, motorcycles, cosmetics, personal hygiene, plastic and textiles.

Agricultural products affected under this Decree are:

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