Argentinian wine producers will meet with national legislators due to the increase in withholdings promoted by the Government

Published 2024년 1월 8일

Tridge summary

The Argentine Wine Corporation held a meeting to discuss proposed measures by the government, including increased export withholdings, and expressed rejection of the initiative. They also presented concerns regarding the negative impact of the proposed measure and discussed coordinating with the government to strengthen the future of Argentine Viticulture. Bodegas Argentinas expressed concern about the application of the tax and warned that it would decrease export competitiveness and deepen the fall in sales abroad.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Argentine Wine Corporation (COVIAR) will hold an organized meeting on Wednesday morning to debate the package of measures being promoted in Congress by Javier Milei's government, which includes the increase in withholdings for the sector. Legislators from the wine-producing provinces were summoned to the meeting, with the objective of “presenting and discussing within the framework of the Argentina Wine-growing Strategic Plan for 2030, about the scope and negative impact of the proposal to apply export rights to the wine complex. made explicit in the bill of “Bases and Starting Points for the Freedom of Argentines”, as stated in the invitation sent to provincial deputies and senators. The COVIAR authorities already formally expressed their rejection of the initiative to set withholdings for the sector's production in a meeting they held last week with the Secretary of Bioeconomy of the Nation, Fernando Vilella, to whom they confirmed their discomfort. They did so accompanied ...

Source: Infobae