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July 23, 2015

FOREIGN TRADE: SECTOR MANAGERS EXPECT FAVORABLE CHANGES FOR 2016

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The potential end of the Import Advance Tax Declarations (DJAI) at the end of the year, the promise of a more competitive exchange rate with the change of government in December, are some of the reasons that excite the export sector, which is predicting improvements for the activity for 2016.
The elimination of the famous DJAIs installed during Guillermo Moreno's term in the Ministry of Commerce is a commitment assumed by the national government with the World Trade Organization (WTO) after a court of that body recently ruled against Argentina before a claim filed by the US, Japan and the European Union for the obstacles that their exports to the country found.
However, in the Government it has already held meetings with industrial sectors to which it has promised measures that complement or replace the DJAI, to protect above all the most sensitive and productive areas of the economy.
Everything points to the fact that next year, especially after the change of authorities in December, the business scenario in which the import and export activity moves will be different.
This was evidenced in a qualitative survey carried out by the Thomson Reuters company, which revealed that the 69% of the managers of the foreign trade area expects favorable changes for next year.
However, he also remarked that the weaknesses of the foreign trade processes affect the business, mainly generating high costs and lost time. The results pointed out that the difficulties and weaknesses of the foreign trade process that affect business the most are high costs (50%), re-jobs (62%), lost time (65%) and the impact on strategic planning (38%).
IT solutions
On the other hand, among the technical difficulties they encounter on a daily basis, the respondents highlighted the limited statistical information, the excess of monitoring forms and the low automation of tasks.
These managers consider critical in their day to day problems such as:
58% Limited Statistical Information / Dashboard
69% low task automation
· 42% manual logistics service payment processes
· 35% informal interaction (mail / phone) with logistics partners
· 77% excess monitoring forms / manual tasks
However, an 85% of the respondents has good expectations with IT solutions for import and export. In this context, Thomson Reuters presented its new tool for the sector, ONESOURCE Global Trade.

SOURCE: IPROFESIONAL