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Argentina eliminates export tariffs on products from regional economies

Published Sep 23, 2023

Tridge summary

The Argentine government has eliminated export tariffs for certain value-added products from regional economies, including wine, rice, and peanuts. The measure aims to promote development, production, and job creation in these regions. This decision was announced by Economy Minister Sergio Massa and ratified by the Secretary of Agriculture, Livestock and Fisheries, Juan José Bahillo.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(By Planeta Arroz) The Argentine government formalized on September 9 the elimination of export tariffs for a set of value-added products from so-called “regional economies”, including wine, rice and peanuts. The measure that ends “retentions” was formalized through Decree 462/2023 published in the Official Gazette and covers around 360 tariff positions of the Common Nomenclature of the Southern Common Market (Mercosur), corresponding to the agro-industrial sector. The Executive indicated that the modification of the export tax regime seeks to “promote the development and incentive to production and the addition of national value, and to exports from production chains with a greater territorial presence and potential for job creation”. Among the products of regional economies (outside the Pampa Húmeda region) covered by the measure are peanuts, rice, forestry industry, wine, must, tobacco, citrus by-products, among others. Among the recitals of the Decree it is indicated that the ...
Source: Planetaarroz
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