Argentine authorities have announced a set of measures to tackle inflation. These include more active involvement in the foreign exchange market. But the most significant of them might be the opening of food imports at zero tariffs to hit local producers who over-benefitted from protectionism. Effective Monday, fresh food (fruits, vegetables, vegetables, and meats) and non-perishable dry staple products can be imported at zero tariffs through the Central Market.
Products will be offered directly to the public and to local retail stores. In view of the refusal of wholesalers and large supermarket chains, smaller stores could be supplied with a basket of products defined by the Secretariat of Commerce, imported by the Central Market, it was explained, to 'break with the price abuse carried out by these companies when supplying these local stores'.
Source: en.mercopress.com