19 Jan 2018
Argentina Announces New Import Monitoring System
Argentina has unveiled a new import monitoring system (which will continue to be known as the Comprehensive Import Monitoring System, or SIMI) aimed at further reducing administrative burdens while enhancing the competitiveness of the country’s trade regime. Among other things, Argentinean authorities will conduct a systematic analysis of import declarations based on a risk assessment and/or an examination of the financial solvency of the importer that intends to carry out the operation. The importer will be contacted electronically in instances where additional information is required. Declarations submitted through the SIMI system will be valid for a period of 180 days from the date they are cleared by all relevant agencies.
Through SIMI, the government will continue to issue automatic licences for imports for consumption within Argentina of products under virtually all tariff lines, and such licences will generally be issued within ten days. Non-automatic import licences will continued to be required for specific goods due to their sensitive nature. These licences will also be issued within ten days unless the application is incomplete, in which case authorities will have up to 30 days to complete their review and make a decision.