Argentine government reduced to zero the withholdings of agroindustrial products

Published 2021년 6월 28일

Tridge summary

Argentina's government has changed the export duties for 70 agro-industrial products, setting a zero tariff for 52 items and adjusting rates for others like rice and certain seeds. The move aims to boost regional economies and was welcomed by exporters, despite concerns about the potential for future increases in withholdings. The article also mentions the doubling of reimbursements for wine exports in October 2020 and the challenges that a 4.5% withholding rate introduces for the sector.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Government modified the export duties for some 70 agro-industrial products, 52 of them had a zero tariff, and the rest, such as rice, from 3 to 5% (depending on their particularities). Among the products mentioned, which may be of exclusive interest to Mendoza, are the production of bees (only queens), juices of various fruits, mixes of spices and vermouth, with a zero rate. In the general list, essential oils can also be highlighted; aromatic; potato seeds; "Quinoa (chenopodium quinoa), for sowing"; "Sesame seeds, for sowing"; "Sunflower seeds, whether or not broken", eggs, and "prepared or preserved peanuts". The shelled peanut, on the other hand, pays 4.5%; rice "in the husk, not parboiled", 5%; and "other types of rice", with the exception of that used for sowing, 3%. The measure was announced through the publication of Decree 410/2021, this Monday in the Official Gazette. It clarifies that the decision was made to promote the growth potential of certain regional ...
Source: Losandes

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