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ARGENTINA

Luis Caputo announced the elimination of the Certificate of Importation of Used Goods

An outdated obstacle, in effect for more than three decades, that restricts thousands of companies in accessing technology

In a move marking a new step in economic deregulation, the National Government announced the elimination of the Certificate of Importation of Used Goods (CIBU), a provision that for more than 30 years served as a barrier to the entry of second-hand industrial and technological equipment. The measure was confirmed by the Minister of Economy, Luis Caputo, through his social media, and will be formalized this Tuesday with the publication of the corresponding Decree in the Official Gazette.

"The National Government simplifies the importation of used capital goods. We eliminate a bureaucratic measure with more than 30 years of validity," stated Caputo, making it clear that this is an initiative aimed at freeing economic activity from the regulatory stranglehold inherited from previous administrations.

Two men pose for a selfie in an office with an Argentine flag and a painting in the background.
The minister, Luis Caputo, and Argentina's president, Javier Milei | La Derecha Diario

Until now, importing used machinery required the processing of the CIBU, a cumbersome procedure that in 2024 alone had caused about 1500 files. This state intervention, besides being bureaucratic, conditioned business decisions and limited investment capacity in key sectors. With the new decree, prohibitions that until today governed the importation of goods in various industrial sectors are also eliminated. Among the cases mentioned by Caputo are:

.Machines for oil and gas extraction

.Industrial cutters

.Molds used in the automotive industry

.Machinery for the graphic industry

The elimination of the CIBU represents a paradigm shift: from now on, the importation of used capital goods will be carried out automatically, without the need for special permits or discretionary intervention by the State.

"It's a direct benefit for sectors that can't access new capital goods, as they will now be able to import used ones at a lower cost and incorporate technology that improves their competitiveness," highlighted the head of the Treasury Department.

The National Government simplifies the importation of used capital goods by eliminating a bureaucratic measure of more than 30 years that required the Certificate of Importation of Used Goods (CIBU) to bring used equipment and machinery into the country; the new decree also removes prohibitions on importing goods in industrial sectors such as machinery for oil and gas extraction, industrial cutters, die molds, and machinery for the graphic industry.
Caputo's post on X | La Derecha Diario

Strategic sectors such as mining, energy, and hydrocarbons will also benefit, as they will now have much more agile processes for the entry of machinery essential for the development of their activities.

Until this reform, the issuance of the CIBU was only authorized if it was proven that there were no local manufacturers of similar goods, a condition that, in practice, functioned as an economic prohibition. This logic, according to Caputo, directly contradicted the principles of Decree 70/2023, signed by President Milei, which prohibits imposing restrictions or quotas on imports for economic reasons.

➡️ Argentina

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