SAO PAULO (ICIS)–Argentina’s cabinet drive to shift the economy from staunch protectionism into liberal bastion is increasing fears among chemicals and wider manufacturing players that the country’s beleaguered industrial fabric is yet to suffer further losses in output in coming years.
As production costs in Argentina remain higher than in key manufacturing hubs such as China and the US, industrialists fear the country’s battle against inflation – the number one priority of Javier Milei’s administration – is to increase liberalizing measures that could hurt domestic industrial producers.
This week, Argentina’s largest industrial trade group, the UIA, called on the government to make use of antidumping duties (ADDs) to protect the country’s manufacturers against unfair competition.
Published by: www.icis.com
Jonathan Lopez
24-Jan-2025
