The Argentine Foreign Ministry’s Cancillería Argentina has announced that the Security Bureau of the United States Department of Commerce has authorized the export of an annual quota of 200,000 tonnes of steel rebars of Argentine origin to the US and granted the exception of a 35% import duty.The Argentine Foreign Ministry explained that the measure adopted by the Bureau of Industrial Security responds to the various and useful steps taken by the Argentine government in Washington through the Embassy in the United States. It said “It is also the product of actions promoted by the Ministry of Foreign Affairs of Argentina in the meeting of the Trade and Investment Framework Agreement that took place on 30 November & 1 December 2022 at the San Martín Palace.”The measure partially compensates for the loss of export market share for steel tubes due to the imposition of dumping duties since rebars have lower value than tubes.
The Argentine Foreign Ministry’s Cancillería Argentina has announced that the Security Bureau of the United States Department of Commerce has authorized the export of an annual quota of 200,000 tonnes of steel rebars of Argentine origin to the US and granted the exception of a 35% import duty.The Argentine Foreign Ministry explained that the measure adopted by the Bureau of Industrial Security responds to the various and useful steps taken by the Argentine government in Washington through the Embassy in the United States. It said “It is also the product of actions promoted by the Ministry of Foreign Affairs of Argentina in the meeting of the Trade and Investment Framework Agreement that took place on 30 November & 1 December 2022 at the San Martín Palace.”The measure partially compensates for the loss of export market share for steel tubes due to the imposition of dumping duties since rebars have lower value than tubes.
