Argentina: “Plan for De-Bureaucratization"

Government Adopts Decree with 170 Measures to Improve Argentina’s Competiveness

On January 11, 2018, the Argentine Government published an emergency decree (Decreto de Necesidad y Urgencia, DNU) directly in the Official Gazette. It encompasses 170 measures affecting the portfolios of eight ministries: the ministries of Modernization, Production, Labor, Finance, Transport, Culture, Agro-Industry and Energy. It also affecttwo decentralized authorities, the Agencia de Administración de Bienes del Estado (AABE) and the Administración Nacional de la Seguridad Social (ANSES), as well as the Central Bank of Argentina.

The DNU includes several regulations on broadening of the scope of digital signatures, on the authorization of ports, on the creation of a Trust Fund for the development of venture capital, and on the circulation of works of art. The Administración Nacional de Aviación Civil (ANAC) would become a State-owned company to deregulate the market of air navigation.

These changes reflect the intention of the Government to become a member of the Organization for Economic Co-operation and Development (OECD).

The Decree reduces the procedures to be observed by companies to operate in Argentina, while allowing for new practices in the finance and transport industries, aimed at reducing costs and increasing competitiveness. Motor companies will not need to request authorization to establish themselves in the Argentina, and the process of obtaining trademarks and patents will be simplified and accelerated, allowing for the submission of digital photographs and drawings. In addition, disputes may be settled in 60 days without attending the Court, something that used to take between three to five years.

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Posted by Communications Desk

2019-05-31 04:33:45