Argentina eliminates over 16,000 regulatory 'roadblocks' under Milei

Argentina's Minister of Deregulation, Federico Sturzenegger, announced that over 16,000 regulatory "roadblocks" have been removed since Javier Milei assumed the presidency. This figure comes from a report titled "Analysis of Deregulation Implemented," detailing changes executed by his ministry up to June.

Sturzenegger commented, "If it weren't for these roadblocks, Argentina would be an extremely wealthy country, but here we go." The report from the Ministry of Deregulation and State Transformation's Impact Evaluation Unit specified modifications to 671 articles and 110 norms in June alone. Cumulatively, since Milei's government began in December 2023, a total of 16,178 articles and 2,699 norms have been amended or removed.

The pace of regulatory reform has accelerated, with June seeing 671 articles reformed, an increase from 107 in April and 256 in May. The ministry also noted 53 new deregulation initiatives in June, bringing the total number of new measures since December 2023 to 689 norms.

These deregulation efforts have spanned multiple sectors. The agroindustry has seen 111 norms affected, followed by finance (109), foreign trade (101), production (88), transport (85), citizen welfare (59), health (39), culture (31), energy (28), employment (24), and the real estate sector (14).

Key initiatives driving these reforms include executive decrees 407 and 482, resolutions from the General Inspectorate of Justice, the Secretariat of Transport, the National Institute of Seeds (Inase), the Secretariat of Agriculture, Livestock, and Fisheries, the Ministry of Industry and Commerce, the National Institute of Industrial Property (INPI), and resolutions from the National Securities Commission (CNV).