Overview

On October 27th, the Argentine government issued Decree 557/2023 to establish the necessary provisions for the implementation of the Mercosur Common Nomenclature in Argentina. The Mercosur Common Nomenclature is a tariff classification system used in Mercosur member countries to facilitate intra-zone trade.

Key Points

The decree defines the tariff positions of the Mercosur Common Nomenclature and sets the differential levels of the Export Refund (R.E.). Furthermore, it maintains the additional promotional treatments established by previous decrees. This decree will affect companies that import and export products in Argentina, requiring them to comply with the new Mercosur Common Nomenclature provisions.

As of the issuance of Decree 557/2023, companies involved in importing and exporting must classify their products according to the specified tariff positions and adhere to the differential levels of the Export Refund (R.E.). The additional promotional treatments from prior decrees continue to apply. Overall, this decree is anticipated to facilitate intra-zone trade within Mercosur and to align the exercise of powers at the community level with the broader policies adopted by the National Government in economic and productive matters.

Impacted Products

The products affected by the NCM (Common MERCOSUR Nomenclature) include:

• Alkaline Batteries
• Blood pressure measuring device
• Lamps
• Photo cameras
• Contact Cards

The Decree is accompanied by 10 ANNEX Documents that list the impacted products.

Additional Information

For further details, you can consult the Decree Publication on the Official Page of the Argentinian Government - https://www.argentina.gob.ar/normativa/nacional/decreto-557-2023-392049/texto.