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Argentina Provides Duty-free Treatment to Certain Motorcycles

Argentina is providing duty-free treatment through 31 December 2023 to incomplete, wholly unassembled motorcycles and certain other vehicles classified under NCM 8711.10.00, 8711.20.10, 8711.20.20, 8711.20.90, 8711.30.00, 8711.40.00, 8711.60.00 and 8703.21.00. To qualify for this flexibility, importers of subject merchandise must have an industrial establishment for the production of motorcycles in Argentina and their operations must add a minimum aggregate domestic value of five percent through 31 December 2019, seven percent from 1 January through 31 December 2020, and nine percent from 1 January 2021 through 31 December 2023. Moreover, each product model imported under this arrangement must comply with a value added threshold of at least two percent.

Entities wishing to take advantage of this arrangement must notify the appropriate authorities at least 30 days prior to the date of commencement of the relevant activities.

Content provided by Picture: HKTDC Research
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