“Argentina will introduce changes to the country’s anti-dumping system to promote more competition and lower prices, Economy Minister Luis Caputo said on social media on Wednesday.”, — write: epravda.com.ua
Argentina will introduce changes to the country’s anti-dumping system to promote greater competition and lower prices, Economy Minister Luis Caputo said on social media on Wednesday. Reuters reports. According to Caputo, the changes include shortening the maximum duration of anti-dumping duties from five years with unlimited extensions to three years with a single two-year extension.Advertisement: According to the official, Argentina’s current provisions on anti-dumping duties are designed to prevent unfair competition between imports and domestic goods, led to an increase in consumer prices and industrial costs. The changes, which will be published in the government’s official gazette on Thursday, will also reduce investigation times to eight months and simplify procedures. Liberal President Javier Millais has made reducing the role of the state in the economy a key part of his program to pull Argentina out of economic crisis and reduce skyrocketing inflation. Advertisement: “This reform encourages competition, restores the original function of anti-dumping duties and strives for a more transparent and balanced foreign policy trade,” Caputo said.