Venezuela - Argentina Partial Economic Agreement

The Partial Economic Agreement between Venezuela and Argentina entered into force in January 2013, providing for to full or partial tariff elimination on the goods traded between the countries, notably:

• Agglomerated and reduced iron;
• Alumina, scrap metal, ammonia, crude steel;
• Aluminium, nitrogen fertilizers, solar PV modules, solar cells, solar wafers;
• Polysilicon, battery packs, battery cells; 
• Anodes and cathodes, electrolysers, heat pumps; 
• Electric vehicles, ICE cars, among other technologies;

Rules of origin delineated in the Agreement include provisions preventing goods only undergoing minimal transformations in one of the signatory countries or incorporating materials of external origin valued above 40-55% of the transaction value of the good to benefit from the preferential tariff treatment.

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