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Argentine Industry Plans Push for Tax Relief and Demand Support in Meeting With Caputo

UIA leaders plan consumer‑credit proposals to offset what they describe as asymmetric competition from cheaper imports.

Overview

  • UIA says it will meet Economy Minister Luis Caputo in mid‑February to present measures to boost consumption and request targeted fiscal relief.
  • The plan under discussion includes consumer financing backed by multilaterals or guarantee funds and options such as letting firms credit VAT on contributions to lower costs.
  • Industrial leaders report lower sales volumes and price cuts to match international values after import liberalization, with textiles, footwear, metalworking and construction under the most strain.
  • UIA warns that, without policy changes, the next two years could bring more company closures and layoffs, urging labor and regulatory reforms to improve competitiveness.
  • A split in the government remains visible as Minister Federico Sturzenegger defends rapid opening while industry cites unfair practices like sub‑invoicing from China and more dumping complaints.