The Government Of Argentina Requires The Import Of Garments Products To Be Equivalent To Exports.

Argentina's minister of industry Debora Giorgi recently requested that the importing consumer goods manufacturers of the country must expand their exports. The export volume of each enterprise must be equal to the import volume to balance Argentina's domestic trade balance.

The government of Argentina has begun to require importers of high priced automobiles, agricultural machinery, motorcycles, footwear, toys and other related importers to meet the requirements of equivalents. The range of products has now been expanded to include products such as ready-made clothes, furniture, tableware and electronic products.

According to the government's request, Argentina

The government of Argentina once again emphasizes that this provision will not affect the supply of products in the domestic market. Raw materials and other products that are only enough for domestic consumption in Argentina will not be included.

In the past two months, the government of Argentina has begun to request that 30% of the production moulds used by the auto producers should be made in China. At present, only one car factory has accepted the request put forward by the government.

Diego Perez Santisteban, President of the Argentina Importers' Association (CIRA), expressed dissatisfaction with the government's decision. He thought the move would cause many problems to the importing enterprises, and many of the orders and pactions that had already been discussed during the negotiations.