Argentina Cuts Toy Import Tariffs to Combat Informal Trade Practices

Argentina has reduced toy import tariffs from 35% to 20% to tackle informal trade practices, aiming to enhance market regulation and competitiveness.

• The Argentine government announced a reduction in the Tariff on imported Toy products from 35% to 20% to combat irregular trade practices.
• Matías Furió, president of the Cámara Argentina del Juguete, expressed hope that this move will reduce informal commerce in the Toy sector, which is affected by maniobras irregulares.
• This tariff adjustment aligns with Argentinas ongoing trade discussions within Mercosur, which includes countries like Brazil, Chile, and Colombia.