Argentine government reduces export tariffs on new products from regional economies

Published 2021년 6월 28일

Tridge summary

Argentina's Ministry of Agriculture, Livestock and Fisheries has announced a new measure to reduce Export Rights (DE) for products from regional economies, affecting 67 tariff positions including products with zero fiscal cost. The products include beekeeping, eggs, seeds, spices, packaged products, oils, fruit and vegetable juices, alcoholic beverages, essential oils and resinoids, and wool. The goal is to stimulate the competitiveness of regional economies, generate social and territorial equity, and support labor-intensive high-value added activities. The Decree 410/2021 reduces DE to zero for eggs and seeds, and lowers DE for packaged products of rice, peanuts, pisingallo corn, and sunflower, promoting investment, job creation, and economic development.

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Original content

Continuing the process of reducing Export Rights (DE) of Regional Economies started in December 2019, the Ministry of Agriculture, Livestock and Fisheries of Argentina informs that the new measure includes 67 tariff positions, including products with zero fiscal cost. "Within the set of public policies that the national agricultural portfolio has been carrying out in conjunction with other Ministries with the objective entrusted to us by President Alberto Fernández of stimulating the competitiveness of regional economies, the process of reducing export rights for the sector's products is one of them, and we are doing it with great fiscal responsibility, choosing products that do not impact domestic prices and that generate work and added value”, said Luis Basterra, minister of Agriculture, Livestock and Fisheries of Argentina, on the measurement. He added: "Regional economies play a strategic role because they generate high added value, are labor intensive and are rooted in the ...

Source: NoticiasAgricolas