Argentina Slashes Toy Import Tariffs to Boost Local Supply and Lower Prices
Argentina has reduced toy import tariffs from 35% to 20% to enhance local supply and lower prices, aligning with Mercosur standards.
- The Argentine government announced a new decree, El Decreto 781/2025, reducing toy import tariffs from 35% to 20%, effective immediately.
- This tariff cut affects 14 categories of toys, aiming to increase local supply and reduce prices for consumers in Argentina.
- The move aligns Argentinas tariffs with those of other Mercosur countries, including Colombia and Chile, promoting regional trade cooperation.
Why It Matters
This tariff reduction is significant as it seeks to bolster local production in Argentina, potentially leading to lower prices for consumers. It reflects a broader trend of countries in the Mercosur region adjusting trade policies to enhance economic collaboration and competitiveness.