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SECEX published on 31 July 2023 an official notice of initiation of a new investigation into possible resumption of antidumping duties applied (but immediately suspended) to Brazilian imports of ethanolamines, monoethanolamines and triethanolamine, from Germany.

The last sunset review concerning ethanolamines, decided by CAMEX Resolution No. 7/2019, resulted in a five year extension of the antidumping duties for imports originating in the United States and Germany. However, the antidumping duties applicable to the Brazilian imports from German were suspended due to the existence of doubts as to the probable future development of imports from this origin.

The Data Protection Bill of Law submitted to Congress proposes significant amendments to the current regime and introduces mandatory provisions that are novel to Argentine legislation. For example, it includes express references to the extraterritorial scope of application and changes the traditional approach to the legal basis for the processing of personal data. In this alert, we address some of these changes and novelties.

The Brazilian Secretariat of Foreign Trade published on 31 July 2023 an official notice of initiation of a new investigation against Brazilian imports of gloves used for non-surgical procedures from Malaysia, Thailand and China (Circular No. 27, dated 28 July 2023). The investigated product is mainly used for non-surgical medical, dental or veterinary procedures and is commonly classified in the sub-items of the Mercosur Common Nomenclature (NCM) 4015.12.00 and 3926.20.00.

On 27 July 2023, through Resolution 621/2023, the National Energy Secretariat called for interested parties to submit offers in the “TerCONF” open call to enter into thermal generation supply agreements with Compañía Administradora del Mercado Mayorista Eléctrico S.A. for a term of up to 15 years. Remuneration contemplates a payment for the availability of the power offered and another one for the energy supplied. The open call seeks to increase the thermal generation of the Argentine Interconnection System, modernize the power plants and their assets located in Tierra del Fuego, and adapt the reserves to accompany the increasing demand. 

On 7 August 2023, Decree 405/2023 (“Decree”) was published to regulate Law No. 27,669 that states the regulatory framework for the development of the medicinal cannabis and industrial hemp industry. Further, the Decree: (i) regulates the chain of domestic production and commercialization and/or for export purposes of the cannabis plant, its seeds, and its derivative products for medicinal use, including scientific research and industrial use; and (ii) complements Law No. 27,350, which initially regulated the medical and scientific research of the medicinal use of the cannabis plant and its derivatives.

On 1 August 2023, the National Hydrocarbons Commission (CNH) published in the Federal Official Gazette Accord CNH.04.07/2023 that contains General Guidelines for the Operation of the Electronic Single Window. The purpose of these guidelines is to establish the mechanisms through which a person authorized by CNH may file digital briefs, and the CNH may carry administrative procedures through the Electronic Single Window.

On 3 August 2023, the Argentine Securities and Exchange Commission issued General Resolution No. 969/2023 to restrict the purchase and sale of fixed-income marketable securities denominated and payable in US dollars issued by the Argentine Republic, as well as transfers of such marketable securities to or from foreign depositories.

On 29 May 2023, the National Executive Power sent the Liquefied Natural Gas Promotion Bill to the Honorable Chamber of Deputies of the Nation. The Bill, while still a draft, creates a Promotional Regime for Large Liquefied Natural Gas Investment Projects for the production, storage, commercialization, transportation and infrastructure of LNG and/or its export, through the granting of tax, customs and exchange control benefits.