Learn about barriers to market entry and local requirements, i.e., things to be aware of when entering the market for this country.
Years of economic troubles, which have resulted in macroeconomic instability, high inflation, and a currency crisis have forced the Argentine government, businesses, and consumers to cut back on spending.
In an effort to shore up foreign exchange reserves and protect domestic production vis-à-vis imports, the Argentine government has imposed some measures that adversely affect foreign products and services. Importers must request Non-Automatic Import Licenses (NALs) in order to bring in some products. Companies report delays in import license approvals exceeding 60 days, in some cases. In addition, some businesses report problems accessing the official foreign exchange market making it more difficult to pay for imported goods or service foreign-currency debt. Government price controls on a range of consumer products and telecommunications services, among other sectors, in the wake of the COVID-19 pandemic and in response to high inflation, is another complication. Other business challenges include persistent and systemic corruption, a lack of regulatory coherence, weak intellectual property rights protection, inefficient customs and legal processes, poor infrastructure, costly labor, and the limited availability of financing.