This was stated by Gabriel Díaz Zolorzalo, Government Relations Manager at Mercado Libre, during a panel on the first day of the event. He added that around 95,000 SMEs rely on the platform as their main source of income.

The executive pointed out certain barriers to e-commerce in Argentina. First, he mentioned tax withholdings at the time of payment. “Seventy percent of new sellers who become formalized return to informality within two months because of this. Ninety percent of SMEs and entrepreneurs disagree with the current tax structure, either due to the costs or the web of complexities it entails,” he noted.