Adopts new incentives for investment in the automotive sector
14 Jun 2023
On June 14, 2023, the Government of Argentina, through Decree 201/2023, introduced a new promotion scheme for the importation of select unassembled vehicles. This initiative is designed to streamline the importation process for specific categories of unassembled vehicles, with the primary aim of encouraging fresh investments in the automotive sector by reducing import tariffs on these particular vehicle types.
Under this regime, designated unassembled vehicles can be imported with the intention of integrating their components with locally manufactured counterparts. Additionally, the Secretary of Industry has been entrusted with the responsibility of verifying the absence of local production for vehicles falling within the same category in Argentina.
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Type:
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Promotion and facilitation (Investment incentives)
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Industry:
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Manufacturing (Manufacture of transport equipment)
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Sources:
