Argentina will be able to export more than 700 products to the United States with a zero tariff after returning to the country’s Generalized System of Preferences (GSP).
The U.S. eliminates duties on thousands of products when the imports come from one of the GSP-listed countries. Argentina returned to the list last December, after spending six years away from the program.
Argentina believes that benefits to the country could reach US$ 400 million per year.
Among the main Argentinean products benefiting from the measure are wines, jellies, candies, processed peanuts, parmesan cheese, olive oil, refined sugar, and green olives.
The material has been provided by InstaForex Company – www.instaforex.com
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