The Chamber of the Argentine Timber Industries (CAIMA) has warned that local timber producers may soon be forced to cease all production operations due to a shortage of imported raw materials due to restrictions imposed by the Argentine government on overseas purchases. Behind the increasingly stringent import control measures are Argentina’s foreign exchange reserves, which have gradually bottomed out. As of August, Argentina’s foreign exchange reserves fell to less than $29 billion, the lowest level since September 2016. Arauco Argentina, Argentina's largest forestry industry company ...
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