The Federal Public Revenue Administration (AFIP) confirmed that the Common Automotive Policy between Argentina and Paraguay will be launched next Wednesday.
In Notice 1/2020 Published this Monday (30.03.2020/XNUMX/XNUMX) in the Official Gazette, the agency stressed that the Second Additional Protocol to Economic Complementation Agreement Number 13 incorporates the Agreement on the Common Automotive Policy between Argentina and Paraguay, and specified that it will enter into force on April 1.
On October 25, 2019, Argentina and Paraguay signed the Agreement on the Common Automotive Policy, registered with the Latin American Integration Association (ALADI) as the Second Additional Protocol to the Economic Complementation Agreement Number 13.
Under this protocol, trade in new automotive products produced in the territory of both countries will benefit from a 100% percentage preference, that is, 0% ad valorem tariff, with the exception of passenger cars and those manufactured for the transport of people.
To these last two, They will be subject to an automatic annual tax relief schedule, which will be 50% this year, 75% next year, and 100% in 2022..
The signing of this agreement implies greater productive integration between both countries and a boost to the regional development of the automotive industry and the auto parts sectors.
Aduana News is the first Argentine customs newspaper to launch its digital version. With 20 years of experience, its publications and initiatives aim to provide the most relevant knowledge on customs issues in order to contribute to safe trade in the region.
