“Ley de Bases” Approved.

With 147 votes in favor and 107 against, the Chamber of Deputies approved the “Ley de Bases”. After a 13-hour debate and with the presence of Karina Milei, Guillermo Francos, and Victoria Villarruel in the chamber, the first legislative project of Javier Milei’s administration was sanctioned. The Congress approved the “Ley de Bases” along with the laws on Income, Personal Assets, and the fiscal package presented by the national government. Implications for Maritime Trade: The "Ley de Bases" introduces several changes that could significantly impact the maritime trade sector. Key provisions include the modernization of labor laws, which aim to improve efficiency and reduce bureaucratic obstacles in the logistics and transportation industries.

Additionally, the promotion of large investments (RIGI) in infrastructure and technology is expected to enhance port facilities and operations, potentially leading to more streamlined and cost-effective maritime trade processes. By fostering a more dynamic and investment-friendly environment, this law could position Argentina as a more competitive player in the global maritime trade arena, benefiting both domestic and international stakeholders.