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Argentina: Milei's government deregulates trade and eliminates 43 price control regulations
Tuesday, November 19, 2024 - 08:30
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The Ministry of Economy has argued that this measure is necessary to align the policies of regulation of the internal market, in such a way that a debureaucratization and simplification of the productive processes in relation to the consumer is carried out.

The Argentine Government, through the Ministry of Economy, has approved a resolution to eliminate all obstacles and barriers to trade, "which have only generated increases in transaction costs for suppliers and their subsequent transfer to the prices of goods and services for consumers."

Thus, through resolution 1212/2024 of the Ministry of Economy and resolutions 433/2024 and 434/2024 of the Secretariat of Industry and Commerce, 43 regulations with the potential to limit citizens' freedom were eliminated.

"The national government repealed regulations that are not currently in use and which, when in force, left open the possibility of being applied to set prices, intervene in private activity and subject citizens to meaningless requirements. A resolution was also eliminated that required redundant procedures to access the tire homologation process, which increased the cost of the same," the government said in a statement.

The Ministry of Economy has argued that this measure is necessary to align the policies of regulation of the internal market, in such a way that a debureaucratization and simplification of the productive processes in relation to the consumer is carried out.

The current administration also explained that current resolutions related to price control regimes, supply and information requirements or compliance with various related obligations, based on the current state of the economy in general, have proven not to have served the purposes for which they were issued, according to the Government.

This is "public and well-known" because it is known that "they have made an enormous expenditure of administrative jurisdiction, using enormous human and material resources that have not generated positive results."

For this reason, and for reasons of "opportunity, merit and convenience" in the context indicated, the Government has ordered the repeal of the regulations that comprise this measure, in order to contribute to a new ordering of the resolutions and regulatory provisions that concern internal trade that is "simpler, less bureaucratic and more transparent."

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