Argentina’s timber industry risks closure due to lack of foreign inputs

The MercoPress
November 3, 2022
Category: Forestry
Region: International

The Argentine Chamber of the Wood Industry (CAIMA) has warned that local producers may soon be forced to halt all activity due to the lack of imported inputs stemming from the restrictions imposed by President Alberto Fernández’s administration on purchases abroad. Arauco Argentina, the largest forestry-industrial company in the country, which directly employs over 4,000 people in its 7 plants, is one of the companies on alert. Boarding manufacturers are also on the brink of full paralysis. In order to preserve the Central Bank’s reserves in foreign currency, the government has introduced changes to the import system (SIRA). …The new SIRA only allows the entry of products deemed “indispensable”. Forestry was not included in that category. Hence, no inputs, which jeopardizes the manufacture of… diapers, toilet paper, and tissue-paper towels, in addition to items used for packaging, plus furniture and others

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