The Argentine government published Decree 566/2026 on Wednesday (1st), which reduces import tariffs to zero on nearly 1,000 products, as promised in May by President Javier Milei. The decree establishes three categories. The first immediately eliminates the tax on chemical products, steel, aluminum, copper, zinc, tin, other industrial metals, and a small portion of automotive production. The second group begins a gradual reduction trajectory, starting now and ending in June 2027. This category is the most comprehensive and includes petrochemical products such as benzene, toluene, and methanol; plastics and resins such as polyethylene, polypropylene, and PVC; selected fertilizers; natural and synthetic rubber; and a significant portion of the automotive chain, including cars, pickups, trucks, buses, bodies, and some auto parts. There is also a third group—which includes oils and petroleum derivatives, such as gasoline and certain hydrocarbons—that will follow a special schedule. According to the text published in the Argentine Official Gazette, this decision is part of a project initiated in 2025 by the current government, which aims to eliminate export taxes on 88% of industrial products. To date, this program has already reached more than 4,400 products and benefited almost 40% of Argentine exporting companies. "The new decree aims to strengthen the competitive position of national production, foster employment and promote value-added activities, without compromising tax revenue levels or fiscal balance," states the Casa Rosada (Argentine Presidential Palace). To verify if a product is affected, Argentine companies should consult its tariff classification in the Mercosur Common Nomenclature (NCM) and compare it with the annexes of the decree, published in the online edition of the Official Gazette. The most recent decree does not affect the rates applied to agricultural products, whose… withholdings were last changed on June 1st..
This text was translated by machine from Brazilian Portuguese.