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Argentina’s telecom price controls are economic masochism

Date

31 Aug 2020

Sections

Trade & Society

Buenos Aires, Argentina - Last week, in a bid to ensure unrestricted access for everyone to telecommunication services, the Argentinian government decided to extend a price freeze for TV, internet and mobile services until the end of the year, deeming them “essential public services”.

Prices on these services have been frozen since May, and it was expected that the ban would be lifted at the end of this month.

In response, Luca Bertoletti, Senior European Affairs Manager at the Consumer Choice Center, criticises the move saying that such a policy was populist and economically illiterate, and will destroy Argentina’s relationship with the International Monetary Fund who has been supportive of the country’s - though unsuccessful so far - road to prosperity.

“The Covid-19 crisis has overburdened most economies in the world and Argentina is no different. In order to help the economy get back on track, the Argentinian government will finally need to implement pro-free market reforms instead of holding onto socialist policies such as price controls on telecom services,” said Maria Chaplia, European Affairs Associate at the Consumer Choice Center.

“Argentina’s government should pull itself together and start making the right decisions, instead of pushing the country further down. Argentina deserves better than a populist government that pretends to act in the interests of consumers by extending price controls of TV, internet and mobile services at the expense of future prosperity,” concluded Bertoletti.

***CCC’s European Affairs Associate Maria Chaplia is available to speak with accredited media on consumer regulations and consumer choice issues. Please send media inquiries HERE***

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The CCC represents consumers in over 100 countries across the globe. We closely monitor regulatory trends in Ottawa, Washington, Brussels, Geneva and other hotspots of regulation and inform and activate consumers to fight for #ConsumerChoice. Learn more at www.consumerchoicecenter.org

CONTACT:

Maria Chaplia

European Affairs Associate

maria@consumerchoicecenter.org

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