The potential of major changes in Argentina provides hope for producers, exporters

게시됨 2024년 2월 19일

Tridge 요약

Argentina's President Javier Milei has introduced reforms aimed at deregulating labor laws, privatizing state-run companies, and limiting protests, which have led to a rapid devaluation of the Argentine peso but have been met with cautious optimism by the country's olive oil producers. Despite challenges like inflation and high tax burdens, these reforms are expected to make olive oil exports more competitive. However, the removal of electricity subsidies could increase production costs. Meanwhile, the olive oil industry is advocating for improvements in transport infrastructure to lower costs and increase efficiency, as most exports currently travel a significant distance to Buenos Aires ports. Plans for a bi-oceanic corridor to facilitate exports to East Asian markets are currently stalled.

면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

Since taking office in December, President Javier Milei has wasted no time acting on his promises to foment a radical change in Argentina. Within weeks, he had issued a range of executive decrees and sent an omnibus bill to Congress. The original proposal changed more than 300 laws, with the goals of deregulating labor laws, privatizing state-run companies and placing restrictions on protests. While the decrees come into force – resulting in a rapid devaluation in the currency as the Argentine peso fell from its artificially pegged value closer to the actual market value – the omnibus bill failed to pass an initial vote in Congress, and negotiations are ongoing. Olive oil producers and exporters interviewed by Olive Oil Times are cautiously optimistic – some are even bullish – that President Milei’s reforms will help the sector. However, significant challenges are expected in the short term. “The problem continues to be inflation, the tax burden and non-wage labor laws,” said ...

출처: Olive Oil Times