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Caputo Said that the Elimination of Tariffs in Tierra Del Fuego Was His Idea and that He Affects a Cousin of His – The Observatorial

  • Minister of Economy Luis Caputo announced tariff and tax reductions on electronic products from Tierra del Fuego, effective by January 15, 2026.
  • This measure follows prior tariff increases in March 2023 and involves reducing import duties and internal taxes on electronics made inside and outside the island.
  • The reductions affect products by companies like Mirgor, owned by Caputo's cousin Nicolás 'Nicky' Caputo, and aim to lower logistics costs via a defined Courier system.
  • The exemptions cost the state approximately US $1 billion annually while supporting 11,000 jobs on the island, including 8,000 in 20 electronics companies.
  • The government's decision sparked labor unrest with strikes from UOM unions defending jobs, reflecting tensions over the economic impact of the tariff changes.
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Filo News broke the news in on Friday, May 16, 2025.
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