Argentina Archives

Argentina Customs Continues to Focus on Customs Valuation and Transfer Pricing Issues

January 25, 2023 By Jennifer Revis, Meredith DeMent and Esteban Pablo Rópolo 3 Mins Read

The Argentina Customs Director announced in a November press conference that Customs will continue focusing on customs valuations and transfer pricing issues. The asphyxiating foreign exchange regulations currently in place in Argentina are seen by Customs as an incentive for importers to artificially increase the import value of goods (since this will result in the transferring abroad of more foreign currency; a practice known as “over-invoicing”) as well as for exporters to artificially reduce the…

Argentina: Oil and gas – Regulation to accelerate the import process for Vaca Muerta

October 13, 2022 By Esteban Pablo Rópolo, Ezequiel Artola and Adolfo Durañona 1 Min Read

Baker McKenzie’s Insight Plus Blog published “Argentina: Oil and gas – Regulation to accelerate the import process for Vaca Muerta,” which can be viewed here.

Argentina: Plenary ruling of the tax court on export duties ignores the Supreme Court precedent

May 4, 2022 By Esteban Pablo Rópolo and Bárbara Barroso 1 Min Read

Baker McKenzie’s International Commercial & Trade Blog published “Argentina: Plenary ruling of the tax court on export duties ignores the Supreme Court precedent” which can be viewed here.

Argentina: Amendment to the electric safety regime

October 20, 2021 By Esteban Pablo Rópolo and Bárbara Barroso 1 Min Read

Baker McKenzie’s Insight Plus Blog published “Argentina: Amendment to the electric safety regime” which can be viewed here.

US – President issues Proclamation modifying HTS to implement USMCA and update or correct provisions for other FTAs and programs

July 1, 2020 By Stuart P. Seidel 5 Mins Read

On July 1, 2020, the Federal Register published Presidential Proclamation 10053 of June 29, 2020 To Take Certain Actions Under the United States-Mexico–Canada Agreement Implementation Act and for Other Purposes, which modifies the Harmonized Tariff Schedule of the United States (HTS) – as set forth in Annex I to US International Trade Commission (USITC) Publication 5060 (which is incorporated by reference) to provide generally for the preferential tariff treatment being accorded under the USMCA, to…

US –CBP issues guidance on Sec. 232 duty on derivatives of aluminum and steel articles

February 5, 2020 By International Trade Compliance Blog 6 Mins Read

On February 4, 2020, US Customs and Border Protection (CBP) issued CSMS # 41538803 – GUIDANCE: Additional Duty on Imports of Derivative Aluminum and Steel Articles, excerpts of which are reproduced below: On January 29, 2020, the President issued Proclamation 9980 on Adjusting Imports of Derivative Aluminum Articles and Derivative Steel Articles into the United States under Section 232 of the Trade Expansion Act of 1962, as amended (19 U.S.C. 1862), providing for additional import…

US – President extends Sec. 232 steel and aluminum tariffs to cover “derivatives”

January 27, 2020 By International Trade Compliance Blog 5 Mins Read

On January 24, 2020, President Trump issued a Proclamation on Adjusting Imports of Derivative Aluminum Articles and Derivative Steel Articles into the United States under section 232 of the Trade Expansion Act of 1962. Except as otherwise provided in the proclamation, all imports of derivative aluminum articles specified in Annex I to the proclamation shall be subject to an additional 10 percent ad valorem rate of duty, and all imports of derivative steel articles specified…

US – President says he will reimpose Sec. 232 steel and aluminum tariffs on products from Argentina and Brazil

December 2, 2019 By International Trade Compliance Blog 3 Mins Read

On December 2, 2019, President Trump sent a tweet which stated ” Brazil and Argentina have been presiding over a massive devaluation of their currencies. which is not good for our farmers. Therefore, effective immediately, I will restore the Tariffs on all Steel & Aluminum that is shipped into the U.S. from those countries. The Federal … Reserve should likewise act so that countries, of which there are many, no longer take advantage of our…

US – USTR announces GSP enforcement actions and successes for seven countries

November 1, 2019 By International Trade Compliance Blog 1 Min Read

On October 25, 2019, USTR announced that President Trump is suspending $1.3 billion in trade preferences for Thailand under the Generalized System of Preferences (GSP) based on its failure to adequately provide internationally-recognized worker rights. In addition, the President is restoring some GSP benefits for Ukraine following its passage of legislation aimed at addressing shortcomings in its intellectual property (IP) regime. USTR also announced it is opening new GSP eligibility reviews for two countries: South…

ITC issues 11th Revision to the HTSUS

September 5, 2018 By International Trade Compliance Blog 1 Min Read

The US International Trade Commission has issued Revision 11 to the Harmonized Tariff Schedule of he United States. Revision 11 includes: Changes needed to implement the recent exemptions from absolute quotas on steel from Argentina, Brazil and South Korea and aluminum from Argentina (Effective Aug. 30, 2018); Changes to the US Bahrain FTA rules of origin (Effective Sept. 1, 2018); and Modified subheading 9705.00.0085 (Effective July 1, 2018)