|Argentina to Smack Down on e-Commerce|
|by Tom McGregor||Thu, Jan 23, 2014, 12:00 AM|
President Cristina Fernandez de Kirchner of Argentina is now blaming the nation's economic malaise on the thriving e-commerce business.
According to the BBC News, "Argentina has introduced new restrictions on online shopping as part of efforts to stop foreign currency reserves from falling any further."
Argentina's reserves of hard currencies has plummetted by more than 30% in 2013.
As reported by the BBC, "Anyone buying items through international websites will now need to sign a declaration and produce it at a customs office, where the packages have to be collected."
E-Commerce customers must wait at least three to four hours at the Customs office before they can pick up their on-line purchases.
To read the entire article from the BBC News, link here:
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