Ministry of Economy Suspends Antidumping Measures for Certain "Strategic Supplies"
The aim of the resolution is to reduce prices of certain imported supplies and promote competitiveness in highly-saturated industries, while also reducing the prices of products derived from those production lines.
On June 1, 2023, through Resolution No. 710/2023, the Ministry of Economy resolved to suspend the effects of certain resolutions issued by the former Ministry of Productive Development, the former Ministry of Production and Labor, and the Ministry of Economy, that were in force and which set antidumping measures for a specific set of goods, due to "circumstances derived from general foreign trade policy and for public benefit" (the Resolution).
The Ministry of Economy based its arguments, among others, on article 9 of the Rules for the Implementation of Article VI of the General Tariffs and Trade Agreement, which states that "it is desirable for [antidumping] measures to be imposed on a discretionary basis in the territory of each Member [state], and for the measures to be established below the antidumping margin if such levels would be sufficiently adequate to restore / repair the damages to the domestic industry."
As the Ministry of Economy explained, the purpose of the Resolution is to reduce the prices of certain imported goods, to promote competitiveness in highly saturated industries, and to reduce not only the prices of such goods but also of the products derived from those production lines.
The goods affected by this Resolution are:
|
Product Description |
Mercosur Customs Tariff Codes (NCM) |
Origin |
|
"Glass wool bonded with thermosetting phenolic resins with or without coating" |
7019.39.00 |
Mexico |
|
"Di-2-ethylhexyl orthophthalate" |
2917.32.00 |
Korea |
|
"Zinc oxide (zinc white)" |
2817.00.10 |
Brazil / Peru |
|
“Unsaturated, alkyd, oil-free polyester resins" |
3907.91.00 |
Brazil |
|
"Poly (ethylene terephthalate), in granules, with a viscosity number of 78 ml/g or more but not more than 101 ml/g" |
3907.61.00 |
Oman |
|
"Fungicides based on copper hydroxide, copper oxychloride or cuprous oxide, not containing bromomethane (methyl bromide) or bromochloromethane, presented in forms or containers other than those used in domestic applications" |
3808.92.91 |
Chile / United States |
|
“Toluene diisocyanate 80:20, with its isomers component tolerances between 82-78 and between 18-22” |
2929.10.21 |
United States |
|
“Poly (ethylene terephthalate), in granules, with an intrinsic viscosity equal or higher to 0.7 dl/g, but less or equal to 0.86 dl/g” |
3907.61.00 |
Korea / China / India |
|
“Sodium benzoate” |
2916.31.21 |
Netherlands / China |
|
“Fungicides based on copper hydroxide, copper oxychloride or cuprous oxide, not containing bromomethane (methyl bromide) or bromochloromethane, presented in forms or containers other than those used in domestic applications” |
3808.92.91 |
Brazil |
The Ministry of Economy resolved that the suspension of the relevant anti-dumping measures will be effective for 120 days, with the possibility of extending such term for a longer period, if necessary.
This insight is a brief comment on legal news in Argentina; it does not purport to be an exhaustive analysis or to provide legal advice.