Milei's government will reduce tariffs on 27 capital goods
Javier Milei, President of Argentina
porEditorial Team
Argentina
With this new tax cut, tariffs have already been reduced on a total of 1,081 products since the beginning of the government
Within the framework of the economic opening and deregulation process promoted by the Government of Javier Milei, the Minister of Economy, Luis "Toto" Caputo, announced a new tariff reduction that will benefit various productive sectors.
This time, import tariffs on 27 key capital goods for the national industry will be reduced. These products, which until now faced duties ranging from 20% to 35%, will have lower tariffs, aligning with the Mercosur common external tariff, which sets a rate of 12.6% for this category of goods.
Luis Caputo, ministro de Economía.
The decision aims to improve competitiveness of local companies, facilitate the incorporation of technology, and reduce operational costs in strategic sectors. Among the products affected by this measure are elevators, industrial fans, laser cutting machinery, press brakes, metalworking presses, gas scrubbers, and pipeline cleaning equipment used in the oil industry.
It also includes industrial machinery for ice cream manufacturing, bakery ovens, electric hoists, centrifugal pumps, and even hair cutting and shearing machines.
"We continue reducing tariffs," expressed Minister Caputo through his social media, highlighting that tariffs have already been reduced on a total of 1,081 products since the start of the libertarian administration. The measure is part of a broader package of reforms aimed at eliminating distortions in foreign trade, boosting investment, and promoting economic efficiency.
Luis Caputo, ministro de Economía.
The tax reduction policy has a direct impact on the competitiveness of the productive apparatus, allowing companies to access machinery and technology of the latest generation at a lower cost. This not only favors industrial growth but can also translate into lower prices for consumers in the medium term.
With this new measure, Milei's Government reaffirms its commitment to the country's modernization and the promotion of a more open, dynamic, and efficient economic model, focused on integrating Argentina into global trade under conditions of greater equality and productivity.
