Argentina transformers lose ground to imports

26 March 2008 20:51  [Source: ICIS news]

BUENOS AIRES (ICIS news)--Argentinean plastic goods producers are struggling to compete with rising imports from China, a private consultancy said on Wednesday at an international trade expo in Buenos Aires.

Plastic products from China represented 37.8% of Argentina's imports of plastic in 2007, having jumped from 25.7% in 2006 according to the Argentinean Plastics Industry Association (CAIP).

“Some small companies in the sector have decided to stop production of some product lines to begin importing Chinese-made goods, since it’s cheaper than producing them locally,” private consultancy Ecolatina said in Spanish at the 25-29 Argenplas at the XII International Plastic Exposition in Buenos Aires.

Local industry viewed the imports as a menace, Ecolatina said.

“The Argentinean government is not reacting to this problem, and hasn’t applied any safeguard measures to protect the plastic local industry,” an industry source told ICIS news from the sidelines of the event.

By: Cristina Kroll
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