Staff Reporter
Argentina is set to implement reforms to its anti-dumping system aimed at fostering competition and lowering prices, Economy Minister Luis Caputo announced on social media Wednesday.
The new measures will shorten the maximum duration of anti-dumping duties from five years, which allowed for unlimited renewals, to three years with a one-time two-year extension, Caputo explained.
According to officials, Argentina’s existing anti-dumping duties, designed to prevent unfair competition between imported and domestic products, have led to higher consumer prices and increased industrial costs.
The upcoming changes, set to be announced in the government’s official bulletin on Thursday, will also reduce investigation timelines to eight months and simplify procedures.
Libertarian President Javier Milei has prioritized reducing the government’s role in the economy as a central part of his plan to rescue Argentina from its economic crisis and tackle soaring inflation.
“With this reform, we encourage competition, restore the original purpose of anti-dumping duties, and aim for a more transparent and balanced foreign trade,” Caputo stated.
