The Government of Javier Milei is preparing a new deregulation package that will cover multiple areas of economic activity, following the discussion in Congress of initiatives such as the Hojarasca Law and the private property law.
The proposal, which is being developed within the Ministry of Deregulation led by Federico Sturzenegger, aims to reduce costs, improve competitiveness, and facilitate the entry of new players into various markets.
According to available information, the project is nearly finalized and could be presented in the coming days as part of a broader set of initiatives that the Executive plans to announce.
President Javier Milei.
Changes to the cabotage regime
One of the main focuses of the initiative is to modify the current cabotage regime (decree-law 19.492), in order to enable free river navigation for foreign-flagged vessels.
Currently, the regulations reserve transportation between national ports exclusively for Argentine ships, which must also be commanded by captains and officers from the country and have a predominantly local crew.
These restrictions conflict with Article 26 of the National Constitution, which establishes the free navigation of inland rivers “for all flags, subject only to the regulations issued by the national authority.”
In this sense, the official proposal aims to eliminate current limitations to allow the entry of more efficient operators, boosting trade and development.
The current scheme significantly increases logistical costs, particularly for producers in northern Argentina and the Mesopotamian region. Opening up to foreign vessels will allow for lower rates and improve the competitiveness of river transport.
President Javier Milei.
The real estate market
The package also includes a profound transformation of the real estate market. Among the proposed changes is the elimination of mandatory registration, minimum fees, and various entry barriers that currently regulate the activity. If this reform advances, anyone could engage in real estate transactions without needing specific professional training.
This measure will increase competition within the sector and facilitate the entry of new participants, in line with the overall deregulation strategy.
Financial reform
Additionally, Milei's Government plans to introduce modifications in the insurance industry and the financial system. In these sectors, the focus will be on reducing the cost of credit and promoting access, especially for small industries that currently face greater difficulties in obtaining financing.
The final definition of the package will depend on the political table of the ruling party, which has recently recorded legislative advances in deregulation. Among them, the half sanction of the Hojarasca Law in the Chamber of Deputies and the favorable opinion for the private property law in the Senate stand out.
In this context, the new set of measures seeks to boost the economic direction of the Government, with a strategy focused on market opening, regulatory reduction, and promoting competition as engines of growth.
