INTERNATIONAL TRADE
straight forward and can be done within one month. To help speed up the start-up process and minimise delays in finding and contracting office space, it is recommended to use the postal address of a local law firm. There are also some challenges to
Up to 95% of Argentina’s export earnings are gained from agriculture and farming
‘Argentina is an early adopter of ‘big data’ and other sophisticated technologies’
There is demand for imaging diagnostic equipment, orthopaedic implants, cardiology surgery supplies and in-vitro and organ transplant instruments which could all be provided by UK companies. Argentina is an early adopter of
‘big data’ and other sophisticated technologies. It has the highest number of mobile phones per capita in the Americas and higher also than the UK. Improvements to network capacity are needed and so companies offering this type of technology would be well placed to look at Argentina as a potential market for growth.
With public security rising up the political, corporate and domestic agendas, the market is expected to grow stronger. Given that Argentina already has a large and well established manufacturing capability, the main opportunities exist in high tech video monitoring, access control, intruder and fire detection and police systems, electronic tagging of prisoners, services and training. UK companies can start
operations in Argentina through a local agent or by setting up their own company. Setting up a company in Argentina is normally
take into consideration. There are a number of import restrictions on foreign goods, and the cost of labour and inflation is relatively high. Argentine tax laws are complex and change often, and companies should seek professional advice if they are opening a subsidiary or exporting services. Some payments may also be withheld in lieu of taxes when exporting goods, but can usually be deducted from tax liabilities in the UK. There are also restrictions on access to foreign currency to pay imports and any company representative in Argentina must get approval from the local tax authorities first. Although Argentina may sound
like a complicated market to enter, there are many opportunities and a general appetite to work with overseas companies.
If you are looking for help and advice on entering Argentina, or any other overseas market, you can contact the Enterprise Europe Network on 0333 320 0333,
eeninfo@emc-dnl.co.uk or @EEN_Midlands
David Pearson
New customs processes training available through the Chamber
Changes to forms and processes for moving goods and services over international boundaries will change post-Brexit, particularly with regards the EU. The Chamber - which won the Chamber of the Year Award from the British Chambers of Commerce in November 2018 - has joined forces with HMRC to deliver a Customs Declarations Training programme to prepare firms for the future of international trade. The Customs Declarations
Training is classroom-based and will be delivered at Chamber offices. "Businesses should begin
now to familiarise themselves with the key processes," HRMC says.
David Pearson, Director of
Partnerships at the Chamber, said: “There are going to be some serious changes to the paperwork and processes for international trade post-Brexit and, based on the best advice available, we have combined with HMRC to offer businesses training in what those changes will be. “Any firm trading
internationally should familiarise themselves with those changes as soon as possible to help make the transition to a post-Brexit economy as seamless as possible.”
For more information, and to book your place, visit
bit.ly/EMC_Customs
business network April 2019 47
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