10 Nov 2017
Argentina Implements AEO Programme, Temporarily Suspends Exports of Iron and Steel Waste
Argentina has rolled out its version of an authorised economic operator programme aimed at securing and facilitating international trade operations. Eligible parties may join the programme to import goods from countries with whom Argentina has a mutual recognition agreement, import goods for further processing in Argentina from countries with whom Argentina does not have an MRA, carry out import operations under the domiciliary customs regime, and perform any export operations. Applicants must have a net worth no lower than US$1 million or provide a guarantee no lower than US$100,000.
Separately, the Argentinean government has suspended for a period of 360 days the exportation for consumption of iron and steel waste and scrap classified under NCM 7204.10.00, 7204.21.00, 7204.29.00, 7204.30.00, 7204.41.00, 7204.49.00, 7204.50.00, 7404.00.00 and 7602.00.00 (only certain products). This action mirrors previous temporary bans and is aimed at preserving a steady supply of raw materials for domestic manufacturers.