Global Fastener News

July 14, 2009 FIN – Exporting fasteners to Argentina is no longer automatic with a new government resolution adding procedures, which may delay shipments 90 days.
Since 1999 imports of fasteners to Argentina were handled through a system of ‘Automatic Licenses of Import,” requiring an information form identifying the destination of the imported product. An import license was normally granted within 48 hours.
In 2008 the Association of Metallurgical Industrialists of the Argentine Republic asked for protection measures, arguing that Argentinean producers were suffering through loss of competitiveness aggravated by the worsening global economic condition, Fastener+Fixing magazine reported.
In March 2009 a new governmental resolution announcing that import licenses would no longer by automatic – measures were justified by Minister of Production as necessary to preserve the domestic supply market, prevent damage to local industry and maintain employment.
Now importers of products affected by the new regulations requiring submitting more details. The new regulations do not define how long it will take for import certificates to be approved, according to Bulonero magazine.
The expectation based on previous experience is that the Secretariat of Industry & Commerce may delay approval for at least 90 days, effectively paralyzing imports.
Bulonero says the next few months will be critical in defining the situation. Importers are expected to argue that they are not participating in a dumping process, that free commerce should be respected, and that the capacity of domestic production is incapable of fulfilling demand. ©2009/2015 Fastener Industry News.
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