The Secretary of Food and Regional Development in Argentina assures that it is necessary to apply higher withholdings in the most efficient sectors.

Published 2021년 7월 19일

Tridge summary

The Secretary of Food, Bioeconomy and Regional Development of Argentina, Marcelo Alós, stated that the high exchange rate is leading to profitability in regional economies, especially in the Humid Pampa where certain productions are experiencing "super profitability." He suggested correcting this asymmetry through the application of export duties on efficient productions. The government has exempted some products from export duties since the beginning of 2021, while others still face taxes. Alós emphasized the need for regional economies to generate added value, employment, and roots. He also pointed out the challenges faced by these economies, including the inability to incorporate technologies in the production process, product preservation, and logistics, using the example of tomato production. The Ministry of Agriculture is working to address these issues.

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Original content

The Secretary of Food, Bioeconomy and Regional Development of the Nation, Marcelo Alós, assured that, thanks to the high exchange rate, regional economies enjoy profitability, while extensive Pampean productions have “super profitability”. “Today a high exchange rate generates profitability for regional economies and, if it generates profitability in them, it generates a kind of super profitability in the economies of the Humid Pampa. How is this asymmetry corrected? Applying export duties to those productions that are much more efficient. In these productions the use of export rights is justified from an economic point of view ”, assured Alos in statements made to the official agency Télam. The official highlighted the role of regional economies to generate "added value, employment and roots" and highlighted the significant decline - in many cases until the elimination - of export duties implemented by the government in some productions. While some products - such as honey, sheep ...

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