Argentina Announces New Requirements for Imported Goods

The Federal Administration of Public Income (AFIP) of Argentina has officially announced that the Argentine importers should fill out declaration forms on its websites, giving clear indication of categories and volume of imported products before they import all products. Only when the importers acquire the approvals from the Argentine government can they buy the US dollars for import purpose. In addition, the importer needs to provide the declaration form number of the imported good for AFIP or the customs declaration procedure cannot be completed.

Recently some enterprises have told AFIP that due to the new requirements their Argentine importers are lodging the import declarations and which cause their exported goods now accumulate in the warehouse and whether the two parties can strike a bargain become a problem. For a Taiwanese fastener company who export to Argentina, it should firstly enhance its control of its backlog of orders and deliver the goods when its importer acquires the import approval. Next, it should strengthen its communication with its customer and sign related fastener trade contracts under the condition that the importers have make sure to acquire the approval. Thirdly, when the company expands its international market, it should carefully collect the information about changes of import policies in the import country to avoid unnecessary losses.