Colombia: The price of chicken, eggs, and pork would increase with the tax reform

Published 2021년 4월 20일

Tridge summary

The leaders of Fenavi and Porkcolombia are expressing concerns over Colombia's proposed tax reform, which they believe will have a negative impact on the country's agricultural sector. They argue that the proposed change in exempt goods to excluded will increase production costs and lead to higher prices for consumers. Specifically, the reform could result in a significant increase in imports, which would compete with locally produced goods and lead to job losses in the agricultural sector. Additionally, the poultry sector could face an average collection of $1 billion from the government, and the cost increase cannot be absorbed by producers, leading to pass-on of costs to consumers.

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

Original content

This was explained by the leaders of Fenavi and Porkcolombia, who consider that passing these assets from exempt to excluded will generate a total impact on the production chain. The controversy with the text of the tax reform does not stop. The fact that various goods in the family basket are affected by the proposal of the State has seriously alarmed unions and consumers. (Read: This is how the tax reform would affect the agricultural sector) Jeffrey Fajardo, executive director of Porkcolombia, was surprised by the final text presented by the Ministry of Finance, since food is going to be affected in a very profound way, terribly damaging Colombian agriculture. He assured that in the case of pig farmers, these products, which are exempt and that, according to the proposal, would be excluded. He added that the government had told Colombians that it was not going to touch the food and that it did. Even the Minister of Making even went so far as to affirm and put in his ...

Source: MXContexto