ARGENTINA: Federal Government To Request Exemption From U.S. Duties On Steel, Aluminum

By | March 9, 2018

The Argentinean federal government will request an exemption from new import responsibilities on aluminum (10%) and steel (25%) adopted by the United States federal government. Presently, Argentina represents 2.3% and 0.6% of those imports, respectively.

The brand-new responsibilities, which will take effect in 15 days, should omit some countries, such as Canada and Mexico, for which tariffs are conditional upon the conclusion of the renegotiations of the North American Open Market Arrangement (NAFTA).

The Argentinean government expects the country’s inclusion in the exemption list.

Inning accordance with the Ministry of Production, “the imports made by the United States in both Argentinean items do not contribute or trigger to the distortions that impact the world markets and the U.S.”

Last Friday, the Argentinean Ministries of Production and Foreign Affairs sent notes to their counterparts in the United States defining the reasons that the South American nation ought to be excuseded from this sanctions.

The material has been provided by InstaForex Business – www.instaforex.com

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