Overview

• The Milei administration has finalized a decree to reduce export duties on more than 4,000 industrial products, with publication in the Official Gazette expected shortly.
• The reduction will benefit sectors including chemicals, pharmaceuticals, textiles, and agricultural machinery, impacting 3,500 companies responsible for 88% of industrial exports.
• This initiative is part of a broader trade liberalization agenda that includes recent import tariff cuts and deregulation of used capital-goods imports.
• The government aims to accelerate dollar inflows after lifting currency controls, implementing an exchange-rate band between $1,000 and $1,400.
• The Unión Industrial Argentina (UIA) has expressed concerns about the potential negative effects on employment and production, as the government plans to complement these measures with labor-market reforms.