Argentina: The withholdings imposed on peanuts turn a virtuous productive sector into ruin

The official granted an audience to representatives of the peanut production and industry, mayors of the Southern region, the Argentine Peanut Chamber and the Argentine Peanut Foundation, managed by the national representative Gabriela Brouwer de Koning (UCR – Córdoba). Provincial legislator Gustavo Bottasso also attended. The Minister promised to analyze together with the Ministry of Economy the demand for a reduction or elimination of the tax that has been resolved, of 15%, which will cause "a virtuous productive sector to become ruinous." That percentage “is the highest tariff that has ever been applied in the history of peanuts,” said Brouwer de Koning. Competing countries benefit The maniceros pointed out that such a high rate affects the international competitiveness of the sector and will cause the loss of international markets, which will be in the hands of competing countries such as the United States, Brazil, Nicaragua, China and India, which do not apply taxes of this ...