Argentina: Oil and gas - Regulation to accelerate the import process for Vaca Muerta

In brief

Argentina has passed Resolutions AFIP 16/2022 and 19/2022 to create a "Vaca Muerta" customs corridor. The purpose of these resolutions is to accelerate the customs clearance process for imports of goods to be used in the construction of the "Gasoducto Presidente Néstor Kirchner" gas pipeline as well as in the development and exploitation of the Vaca Muerta oilfield. 

Once the resolutions are implemented, they will substantially reduce the amount of time it takes to import covered goods. 
 


Contents

In focus

Resolutions AFIP 16/2022 and 19/2022, passed on 4 October by the Administración Federal de Ingresos Públicos (AFIP), create a priority system for the clearance of goods to be used in the construction of the "Gasoducto Presidente Néstor Kirchner" as well as in the development and exploitation of the Vaca Muerta oilfield. This system applies to imports for consumption, temporary imports and goods in transit. 

Goods subject to this regime shall enjoy preferential treatment when entering the territory of Argentina. To enjoy the benefits of the Vaca Muerta customs corridor, importers must have previously registered to operate in the corridor. The conditions for such registration will be published on the "Corredor Aduanero Vaca Muerta" page of the AFIP website. 

The resolutions instruct specific customs offices to implement the operational rules of the system, securing agile and efficient processes for the clearance of goods through customs without jeopardizing the fiscalization duties of customs. 

After customs operationalizes the resolutions, the clearance process should not take more than 48 hours. In addition, it is expected that this system will substantially reduce the bureaucratic hurdles currently facing goods to be used in the Vaca Muerta oilfield. 

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