Foreign Exchange Market – Foreign Trade

Modification of the terms established for the repatriation of exports receivables among affiliated companies whose controlling company is established in Argentina

On August 12, 2014, Resolution No. 451/2014 of the Argentine Ministry of Economy was published in the Official Gazette, stating that the 30-day term applicable to the repatriation of exports receivables made to affiliates does not apply to affiliated companies whose controlling entity is established and consolidates financial statements in Argentina. In this case, exports receivables can be repatriated according to the longer terms set forth in Annex I of Resolution No. 269/2001 -as amended- of the Secretariat of Trade.