Business
Electric dreams
Argentineans have long grumbled about how expensive the country’s electronic goods are. Indeed, they often go to extraordinary lengths to get hold of the latest models from the US or tax-free Ciudad del Este in Paraguay. But now president Mauricio Macri is seeking to undo protectionist policies put in place by his predecessor, who had used the measures to try and stimulate a technology hub in the southern region of Tierra del Fuego. While domestically assembled goods will still have an advantage for now, Macri is gradually reducing the import taxes on electronics from 10.5 per cent to nothing by 2024. It’s a move that has just a whiff of populism to it – but it’s a welcome Christmas present for Argentineans nonetheless.