Trade Policy and Regulations in Argentina
Foreign Trade in Figures
Argentina is very open to international exchanges, foreign trade represening around 45% of the GDP. Its main commercial partners are the Mercosul countries (Brazil, Paraguay and Uruguay), China and the United States. Argentina exports more than it imports and its trade balance is therefore in surplus.The devaluation of the peso has boosted Argentina's exports (especially of agricultural products). However, the increased rate of the Argentinian peso compared to the American dollar risks damaging the competitiveness of Argentina's exports which would cause the balance of trade to deteriorate.
|Foreign Trade Indicators||2006||2007||2008||2009||2010|
|Imports of Goods (million USD)||34,152||44,706||57,423||38,780||56,443|
|Exports of Goods (million USD)||46,546||55,779||70,023||55,668||68,500|
|Imports of Services (million USD)||8,242||10,569||13,041||11,658||13,635|
|Exports of Services (million USD)||7,899||10,233||11,884||10,762||12,752|
|Imports of Goods and Services (Annual % Change)||15||20||14||-19||-|
|Exports of Goods and Services (Annual % Change)||7||9||1||-6||-|
|Trade Balance (million USD)||13,958||13,456||15,423||18,528||-|
|Current Account (million USD)||7,768||7,355||6,735||8,632||-|
|Foreign Trade (in % of GDP)||44||45||45||37||-|
|Imports of Goods and Services (in % of GDP)||19||20||21||16||-|
|Exports of Goods and Services (in % of GDP)||25||25||24||21||-|
Source: WTO - World Trade Organization ; World Bank
Main Partner Countries
(% of Exports)
|Other partnersClose extended list||54.2%|
(% of Imports)
|Other partnersClose extended list||35.7%|
- Main International Economic Cooperation
- Member of
World Trade Organisation
Founder Member of Mercosur
Latin American Integration Association (ALADI)
Free Trade Area of the Americas (FTAA)
The country have signed a trade agreement with 21 other countries in the São Paulo Round of the Global System of Trade Preferences among Developing Countries (GSTP).
- Assessment of Commercial Policy
Argentina and the WTO
Barriers to exchanges
Barriers to exchanges
Sanitary and phytosanitary barriers
- Average Customs Duty (Excluding Agricultural Products)
Transactions carried out within Mercosur are free of duty, except for the many exceptions.
Customs tariffs are applied to goods from outside Mercosur and are between 5% and 14% in most cases.
When companies import industrial tools for their own use, they can be exempted from import tax.
This Customs policy must be treated with precaution, insofar as the countries apply the recommendations of the central institution more or less, according to their economic situation. It should also be noted that re-exporting within Mercosur does not entitle you to an exemption from duties: so if you export a product to Argentina, to sell it on to Brazil, you will pay Argentine duty and then Brazilian duty.
In addition, to avoid companies under-invoicing, the Argentine Customs are entitled to apply a predefined value for the calculation of Customs duty. These reference values are not published, nor are the criteria which enabled them to be defined.
- Useful Resources
- National Organization of Intellectual Property
The organization in charge of the protection of patents and trade marks in Argentina is the
National Institute for Industrial Property (NIIP).
Argentina has signed the Paris Convention relative to the protection of designs and industrial models.
As Argentina is not a signatory to the Patent Cooperation Treaty (PCT), a company wishing to use a patent is obliged to make a direct request in Argentina within a maximum time limit of one year after the registration of the initial request.
The organization in charge of intellectual property is el Registro Nacional de la Propiedad Intelectual (the National Register of Intellectual Property). Other organizations are also involved in intellectual property: Ministry of Justice ; National Directorate of Royalties ; Argentine Society of Authors and Composers (SADAIC) ; General Society of Argentine Authors (Argentores) ; Argentine Association of Interpreters (AADI) ; Argentine Chamber of Producers ; Cámara Argentina de Editores de Música, CAEM (Argentine Chamber of Music Editors) for royalties. (in Spanish)
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