buenos aires argentina cut taxes on 39 more imported auto parts the government announced on friday adding some digital tech parts to the existing list in hopes of boosting productivity in the vital sector that has weakened during the economic crisis the measure announced by the ministry of labor and production is temporary until the local production of the auto parts develops further argentina president mauricio macri facing a rising political challenge ahead of national elections in october is trying to revive growth to help bolster his popularity with hardhit and increasingly wary voters advt in july of 2018 argentina expanded the list of goods eligible for a tax cut of 20 to include more than 130 auto parts after a survey the list expanded to include pieces for auto parts used in newer digital technologies the government said this measure arises from the work we carry out together with the private sector to promote the competitiveness of the automotive industry as a whole and addresses the technological changes that affect the design and development of products secretary of industry fernando grasso said in the statement at the beginning of may argentina increased a tax rebate to 65 from 2 for auto exports to the mercosur block which also includes brazil paraguay and uruguay the automotive sector is one of argentinas top exporters and a major job creator employing around 60000 people last year auto production in argentina fell by 339 yearonyear in april however it increased 37 compared to march the association of automotive makers adefa recently reported reuters published on may 24 2019 at 0930 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app import taxes on auto parts auto sector in argentina automotive sector auto parts association of automotive makers adefa homenewsauto componentsargentina slashes import taxes for 39 auto parts