By Maritime Logistics Professional

Argentina's government published a decree on Thursday eliminating or reducing tariffs on imports of used equipment for oil and natural gas companies, a measure long sought by the industry, but it included requirements to buy some locally produced goods.

The new rules would go into effect on Friday and apply through June 2019, according to a resolution published in the Official Gazette.

Developing the Vaca Muerta shale fields, some of the world's largest, is a key goal of Argentine President Mauricio Macri's administration.

"In many cases, the goods in question cannot be provided by the... (Read More)

By Los Andes

El consumo de cemento aumentó 19.551 toneladas entre enero y junio del 2016 e igual período de este año. Referentes del sector aseguran que el incremento se debe a la obra pública.

La actividad de la construcción creció 8,10% en Mendoza durante el primer semestre del año, según datos de la Asociación de Fabricantes de Cemento Portland (AFCP). 

Si bien el comportamiento del sector no fue parejo en ese período, el balance general fue positivo. Las estadísticas indican que en los primeros seis meses del 2017 se consumieron... (Read More)

By Bloomberg

Argentina’s IPO market hasn’t had quite the jolt some investors were expecting. 

A year and a half after President Mauricio Macri took office, new share sales are slow to take off. Just one company has completed an international initial public offering. The delay comes as private companies wait for their valuations to rise, while taking advantage of their low leverage: Argentine corporates sold about $10 billion in debt over the past 18 months while Merval index valuations are trading at a relatively low level versus their MSCI emerging market peers.

"Issuers are looking to see if their valuations are the highest they can be," said Daniel Patron Costas, head of investment banking at Banco Santander Rio SA. "The IPO boom might not be in 2017, but 2018 should be the key year."

About a dozen new share offerings are expected over the next 18 months, mostly in 2018, and in particular in the... (Read More)

By Reuters

Argentina's peso currency rose against the dollar on Monday for the first time in two weeks, after the central bank intervened in the foreign exchange markets on Friday to halt the peso's rapid decline to historic lows.

The peso rose 0.86 percent on Monday to 17.65 per dollar, its sharpest single-day gain since April, after touching a record low of 17.80 per dollar on Friday. The rebound came after the central bank sold... (Read More)

By Reuters

The members of South America's Mercosur trade bloc inked a trade deal with Colombia on Friday to allow limited quantities of tariff-free trade in products including automobiles, textiles and agrochemicals, Argentina's and Colombia's governments said.

The deal, reached during a summit in Mendoza, Argentina between Mercosur members Argentina, Brazil, Paraguay and Uruguay, will allow... (Read More)

By Fresh Plaza

Garlic has become one of the main exportable vegetables in Argentina, which has allowed the country to rank as the second largest exporter in the world and one of the main producers.

Despite some dumping issues with Chinese garlic, the levels of work in Argentina's garlic sector have advanced in recent times, as 95% of the garlic exported from our country comes from Mendoza and San Juan.

"Historically, the provinces of Mendoza and San Juan have stood out as the biggest producers of garlic in the country thanks to... (Read More)

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