1 November 2023

Argentina - Legislative promotion of the footwear industry

The Chamber of Deputies of Argentina by a very large majority gave half sanction to the law for the Promotion of the Footwear Industry and its value chain. The proposal was sent to the Senate who must decide whether to convert it into law. Report by CueroAmérica.

The initiative, which obtained the support of the parliamentary blocs of the Frente de Todos,(FDT), United Provinces and Federal Interbloc, aims to create quality jobs and promote greater international insertion. The groups calling themselves ‘Together for Change’ and ‘La Libertad Avanza’ demonstrated against it.

The project belongs to the FDT deputy Constanza Alonso who is originally from the town of Chivilcoy, a city in the province of Buenos Aires that is home to one of the footwear manufacturing hubs. In turn, the president of the Industry Commission of that Chamber, Marcelo Casaretto, explained in the debate that the law attempts to place the footwear sector “as a strategic industry in Argentina” through “a program to promote the local industry.” and the integration of local value in footwear.”

For his part, Alonso added that the proposal had “the broad participation of the chambers of the footwear industry, the footwear union and other sectors involved such as tanners and suppliers.” He also assured that the bill “is very federal and comprehensive for the industry, it provides certainty and seeks to strengthen the entire footwear value chain so that it is fully competitive.”

The proposal includes tax benefits such as the amortization of income tax, zero withholdings for exports until December 2031, and reduction of employer contributions. In addition, it contemplates a legal framework for the transformation of the value chain to promote import substitution.

José Luis Espert, one of the deputies who voted against, stated that his rejection is due to the fact that the project “tries to avoid everything that is competition in the footwear sector, it is one of the most protected sectors in the industry.” Argentina and has the maximum import tariff.”

關於亞太區皮革展 ​

我們為皮革、物料及時裝業界創造面對面洽談的機會,爲客戶締造實質商機。我們雲集世界各地的商家,讓他們尋找新的合作伙伴,發掘潛在客戶或供應商,並掌握業界最新發展。

 

我們主辦多個專注時尚及生活潮流的商貿展覽會, 為這不斷變化的行業,提供最全面的買家及參展商服務,方便他們了解急速轉變的行業環境,並預測來季趨勢。

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