Relief for the automobile: increase of the refunds with the exportation

"We are working on this measure on the basis of the ongoing dialogue we have with the sector and with the various representatives of the entire value chain, and we hope that the unification of the refunds will enable us to regain the dynamism of the level of exports. and to motorize an increase in the production of units scheduled for the year 2019, "said the Minister of Production and Labor, Dante Sica.

Since the reorganization of all the economic variables that occurred in mid-2018 and the subsequent modification of export duties, the automotive sector has been affected by lower activity of its exports. .

The adequacy of the refund levels applicable to intrazone tariff positions tends to reverse this process, as 60% of local car production is sold worldwide and 70% of the destinations belong to . that make up Mercosur.

"We periodically and technically badess the impact generated by the new macroeconomic scenario and the tax burden on terminal activity, which allows us to reformulate the projections we were working on in the sector activity." is therefore a very important decision to resume the course on which the sector had made investments in recent years, "said Secretary of Industry, Fernando Grbado.

By 2018, the automotive sector employed more than 60,000 workers, or 6% of industrial employment, and its output reached approximately 490,000 units. In addition, in the same year, 284,000 vehicles were exported, 30% more than in 2017, making it the second largest exporting complex, after the grain transporter, accounting for 39% of industrial exports.