Doing Business In Argentina

More documents

Recommendations

Info

Exporters should screen all parties involved in an international transaction against the four “Prohibited Parties Lists,” of entities with which an exporter is prohibited from doing business under most circumstances: 3/4/2008 The Specially Designated Nationals List, or SDN List, is published by OFAC on the Internet (http://www.treas.gov/offices/enforcement/ofac/) as well as in the Federal Register. SDNs are individuals or entities located throughout the world that are blocked pursuant to various sanctions programs. SDNs can be front companies, quasi-government organizations, or individuals determined by the U.S. government to be owned, controlled by, or acting on behalf of, targeted countries or groups. They may also be specifically identified individuals, such as terrorists, narcotics traffickers, or banks and other institutions owned or controlled by the government of Burma. U.S. persons are prohibited from engaging in any transactions with SDNs and must block any property under their control in which an SDN has an interest. The Denied Persons List contains the names of persons who are subject to a denial order by BIS. In general, U.S. exporters are prohibited from dealing with denied persons in export transactions involving U.S. items. The list is accessible via http://www.bis.doc.gov. The Entity List, also maintained by BIS, is composed of foreign end-users engaged in proliferation activities. Based on these proliferation concerns, exports to these entities may require a license when the export transaction is within the parameters found in Part 744, Supplement 4, of the Export Administration Regulations. This list can be accessed through the BIS Web site at www.bis.doc.gov. The Debarred Parties List is maintained by the State Department. It lists the names of individuals denied export privileges under the International Traffic in Arms Regulations (ITAR). Trade restrictions often change as a result of shifts in geopolitics and the need to adapt U.S. foreign policy. In the aftermath of the September 11 terrorist attacks, President Bush issued Executive Order 13224 for the purpose of “blocking property and prohibiting transactions with persons who commit, threaten to commit, or support terrorism.” This order created a new category of Specially Designated Nationals (SDNs), called Specially Designated Global Terrorists (SDGTs), expanding the list of parties with which U.S. companies are not permitted to do business. Due to the frequency of additions to the SDN list and changes to sanctions programs, U.S. persons are encouraged to check the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) Web site at http://www.treas.gov/offices/enforcement/ofac/ on a daily basis for updates. Penalties For Violating Export Control Laws Millions of dollars in civil penalties are imposed each year by the federal government for violating export control laws. The BIS Web site contains examples of civil penalties that have been imposed in the past. Civil penalties assessed by OFAC are $11,000 per prohibited transaction for violations of most sanctions programs, but they can exceed $1 million if the transaction involves narcotics kingpins. In cases where criminal intent to
violate export control laws is found, criminal penalties can be imposed, resulting in significant corporate or personal fines and/or imprisonment. For any other questions about this section, or about exporting in general, please call the Trade Information Center (TIC) at (800) USA-TRADE and “Ask the TIC.” Temporary Entry Return to top The Temporary Admission Regime (TAR) allows duty free admission of goods such as commercial samples, packaging, pallets, containers and goods for exhibits. The exports must be completed within the stipulated time as set by customs in accordance with the type of imported merchandise. Failure to re-export goods will result in a fine. Merchandise may suffer changes, which increase or lower its value, but no export charges will be levied when goods remain unchanged. If value is increased, charges will apply to the added value. The transfer of property, possession, or use is not permitted. A bond is required to cover the value of import charges for the goods. The bond will be refunded when the goods are re-exported. Resolution 392/2006 SICPyME modifies Decree 1439/96, and regulates the import of primary and intermediate goods into Argentina for use in export production. The finished goods must be exported within 360 days from the date of temporary admission; however this deadline may be extended for additional 360 days. There are special permissions for long-term projects, for which the maximum stay under the TAR is 1080 days. Argentina is not included in the A.T.A. (Temporary Admission) Carnet program of the U.S. Council for International Business, which allows the importation of goods, display booths, and literature for display in local trade shows for subsequent re-export. The TAR regime should be used for this purpose. Many trade show organizers, however, obtain a special waiver from the Ministry of Economy by declaring an event "of national interest". Decree 1001/82 and Disposition 34/98 of the Argentine Customs Bureau (Direccion General de Aduanas - DGA) include imports of new or used capital goods destined to production under the Temporary Admission Regime. The importer must fulfill the following requirements: A) Present a contract accrediting: 3/4/2008 Ownership of the equipment by a third party in the exporting country Mandatory re-exportation of the equipment Contract length, up to three years, renewable for another three-year period Certification by the Argentine Consulate, if signed in the exporting country, or notary public, if signed in country. B) Present a sworn statement attesting that a temporary higher demand exceeds present production capacity or that lack of adequate technology prevents him/her from satisfying that temporary demand. If the equipment is to be used for public works (e.g. infrastructure projects), the importer must present a certificate issued by the awarding authority.
Page 1 and 2:
Doing Business in Argentina: 2008 C
Page 3 and 4:
3/4/2008 Argentina’s banking syst
Page 5 and 6:
3/4/2008 The zero percent import du
Page 7 and 8:
Return to table of contents Chapter
Page 9 and 10:
Policy Short-term Short/Medium Term
Page 11 and 12:
meetings. The service includes at l
Page 13 and 14:
approximately 87 percent of the tot
Page 15 and 16:
more limited and delivery is a grow
Page 17 and 18:
Goods: Preference will be given to
Page 19 and 20:
material, input, or material needed
Page 21 and 22:
terminals at international airports
Page 23 and 24:
As in many countries, personal rela
Page 25 and 26:
"Clarin", "La Nacion", and "Ambito
Page 27 and 28: Av. de Mayo 605, Piso 3 C1084AAB Bu
Page 29 and 30: Business Facilitation Service: CS A
Page 31 and 32: organizations, both Argentine or U.
Page 33 and 34: available in Chapter 9: Contacts, M
Page 35 and 36: Agricultural Machinery, Equipment a
Page 37 and 38: Electric Power Systems Overview Ret
Page 39 and 40: Food Processing and Packaging Equip
Page 41 and 42: Information Technology Overview Ret
Page 43 and 44: Other market conditions will foster
Page 45 and 46: market. The market has been growing
Page 47 and 48: Mining Sector Specialist at the U.S
Page 49 and 50: significantly smaller than in the U
Page 51 and 52: A gradual recovery has taken place
Page 53 and 54: Best sales prospects for U.S. elect
Page 55 and 56: Travel and Tourism Services Overvie
Page 57 and 58: Telecommunications Equipment and Se
Page 59 and 60: Agricultural Sectors Return to top
Page 61 and 62: Food Ingredients Overview Return to
Page 63 and 64: Pioneer Argentina: www.pioneer.com/
Page 65 and 66: Average Tariff Rates by Type of Pro
Page 67 and 68: In 2006, there was a significant in
Page 69 and 70: 3/4/2008 Certain imported goods for
Page 71 and 72: Please note that VAT and Profits Ta
Page 73 and 74: 3/4/2008 Goods covered by Decree 73
Page 75 and 76: A fax of the commercial invoice may
Page 77: you through this process. You may a
Page 81 and 82: Initial period: 1 year Extension: 1
Page 83 and 84: Article 6: - Importers, manufacture
Page 85 and 86: emanufactured) and certified by a "
Page 87 and 88: 3/4/2008 Normalizacion) --composed
Page 89 and 90: 3/4/2008 continuing shortage of ind
Page 91 and 92: 3/4/2008 Record No. S01:0116093/200
Page 93 and 94: 3/4/2008 Internet: www.anmat.gov.ar
Page 95 and 96: subject to the orders, guidelines o
Page 97 and 98: In January 2002, the government end
Page 99 and 100: The GOA has established a number of
Page 101 and 102: legality of this pesification decre
Page 103 and 104: deterrent penalties such as prison
Page 105 and 106: Law 17811 of 1968 regulates public
Page 107 and 108: A recent ACO investigation of GOA p
Page 109 and 110: Foreign-Trade Zones/Free Ports Retu
Page 111 and 112: Argentine Parliament (www.diputados
Page 113 and 114: Registry of Foreign Investments. Fo
Page 115 and 116: Local bankers report that the major
Page 117 and 118: The International Bank for Reconstr
Page 119 and 120: total project costs for new venture
Page 121 and 122: Return to table of contents Chapter
Page 123 and 124: C1104AC) Buenos Aires, Argentina Ph
Page 125 and 126: Buenos Aires has a large number of
Page 127 and 128: Travelers should note that since Ar
Page 129 and 130:
Internet: www.buyusa.gov/argentina/
Page 131 and 132:
U.S. Department of Commerce Trade I
Page 133 and 134:
(Argentine Chamber of Importers) Mr
Page 135 and 136:
(Ministry of Federal Planning, Publ
Page 137 and 138:
C1020AC Buenos Aires Switchboard: (
Page 139 and 140:
25 de Mayo 487, primer piso C1002AB
Page 141 and 142:
C1036AAJ Buenos Aires Phone: (54-11
Page 143 and 144:
Fax: (54-11) 4312-7184 E-mail: mdem
Page 145 and 146:
E-mail: fargosi@fibertel.com.ar BAS
Page 147 and 148:
Bolivar 332, Piso 6 C1088AAH Buenos
Page 149 and 150:
Mr. Klaus Bertram, President 25 de
Page 151 and 152:
EXOLGAN TERMINAL PORTUARIA S.A. Mr.
Page 153 and 154:
C1006ACI Buenos Aires Phone: (54-11
Page 155 and 156:
Fax: (54-11) 4131-3900 E-mail: info
Page 157 and 158:
www.starwoodhotels.com/sheraton/pro
Page 159:
Return to table of contents Chapter
show all

Doing Business In Argentina

Create successful ePaper yourself

Delete template?

Save as template?