The Minister of Economy, Luis Caputo, celebrated the elimination of the SIRAs with a message on his social networks. This Tuesday, the National government made official he change in the import system. It will have a registry where the import destinations for consumption will be reported, in the form of a sworn declaration and in advance. In addition, it ordered the creation of a registry for debtors.
«As of today we are normalizing the import process that was absolutely blocked, generating greater inflationary pressure and shortages. On the stock side, with the issuance of the new bond Boprealwhich will help importers settle their overdue obligations,” the official explained in his X account.
And he continued: «On the flow side, today, after 15 years, SIRAs and any other import permits cease to exist. The state bureaucracy will no longer have the power to decide who imports a good and who does not. This measure has a direct impact on SMEs, which will have predictability in their operations, saving time and costs, since they will have certainty when importing. Starting today, it will be possible to import without quotas or product prohibitions.
According to the official document, the Executive expressed that “it is appropriate to establish a new regime for advance information on import operations, called ‘Statistical Import System (SEDI)’ for the analysis and monitoring of statistical data on the import of goods, in order to normalize and facilitate foreign trade, as well as contribute to the strengthening of State Agencies in order to face current challenges.
Likewise, he clarified that “the National State aims to provide all industry actors with a horizon of predictability that allows them to plan production and investments in the Argentine Republic, and guarantee conditions of effective competition in the markets.”
Debtors register
With respect to the creation of a registry of debtors, the Executive stated that it has “the objective of having updated information on the current private commercial debt and addressing said problems” and in it “subjects who have commercial debt for imports. In this way, companies that register and have official approval will be able to subscribe to bonds in dollars to pay off debts.
