2023-08-15 14:27:00
the surprise win by Javier Milei in the PASO it was one of the results that the market did not expect: with all the dollars skyrocketing, in addition to the devaluation of the official price, prices go up once more. This Tuesday, August 15, the July inflationwhich would be around 7%, but this week’s rise might take the index for August to double that figure.
For this reason, and in his race to remain in competition for the October general election, the Minister of Economy, Sergio MassaI tell her more power to the head of Customs, Guillermo Michel. As of today, the key official when it comes to accessing foreign currency will also be in charge of negotiating price agreements. Matias TomboliniSecretary of Commerce, will have less impact.
The resolution of the Ministry of Economy created a new unit that will have to agree –above all– with food and energy companies. “He will lead the team that will negotiate the new price agreements,” they detailed in the brief statement from the Treasury.
Although Tombolini will be inside the area, he was removed from the main negotiation that will now end up with Michel, extremely confident with Massa. In addition, Gabriel Rubinstein, Vice Minister of Economy and head of Economic Policy, and Carlos Castagneto, head of AFIP, will be at the table.
The communication added that in the list of products in the price agreements “There will be tax discounts for companies that enter into the agreement and a letter from the BCRA to guarantee import operations in their production chains”.
businessman skepticism
With inflation above 100%, Massa decided to further empower an official who, since he arrived at Customs, became the minister’s eyes. Will it arrive in time to stop the redials? in dialogue with PROFILEvarious businessmen spoke regarding it.
“The redial is inevitable. They did not arrive on Monday because the measure was just taken. We look forward to seeing you next week.” pointed out a businessman linked to the laboratory sector. On the other hand, an owner of soft line products went further: “We are very complicated not only because of the devaluation but also because of impediments to transfer foreign currency abroad. At any moment we are going to have suspension of inputs / production etc “.
Guillermo Michel: “Before Sergio Massa, the question was if we finished the government and now we discuss how competitive we are”
Tombolini had also been targeted by rumors regarding issues related to the application of the Import System of the Argentine Republic (SIRA) and possible requests for bribes. At the time, following an investigation of this medium from AFIP explained that the investigation process required witness cases and not isolated complaints. In fact, in two of the four months in which the SIRA was installed, rumors of percentage payments of up to 20% of the cost of entering merchandise from abroad multiplied, but in blue-dollar value.
But none of the businessmen consulted by PROFILE He admitted having carried out an operation of these characteristics and indicated third parties. The head of the AFIP, Carlos Castagneto, avoided confronting the businessmen and only reminded them, by way of denial, that it was the organization itself that made a criminal complaint where it was detected that personnel “required, on behalf of other people, funds.” Although the name was not disclosed, that employee reported directly to the former federal administrator during the Cambiemos administration, Leandro Cuccioli, according to what was disclosed by the collecting agency.
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