News

Why revenues of US$600 million a year are lost for Argentina

Argentina
Regulation & Compliances
Market & Price Trends
Published Apr 16, 2024

Tridge summary

Argentina is currently experiencing a significant decline in its agri-food exports, losing approximately US$600 million annually due to non-tariff measures enforced by Southeast Asian countries, including Indonesia, Malaysia, and Vietnam. These measures range from halal certification in Malaysia, health-related import bans in Indonesia, to strict labeling and testing requirements in Vietnam, affecting key exports like beef and soybean meal. The Faculty of Agronomy of the UBA (FAUBA) has analyzed the situation, suggesting that overcoming these barriers will necessitate efforts from informed producers, government intervention, and the establishment of bilateral agreements to ease trade restrictions and reclaim these vital markets.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Argentina loses the income of US$600 million a year in agri-food exports due to restrictions in some Southeast Asian countries, according to an analysis prepared by the Faculty of Agronomy of the UBA (FAUBA). The limitation on the entry of Argentine agri-food, such as beef and soybean meal, to different Asian countries has to do with the growth in recent decades of non-tariff measures to protect local markets. The researcher of the General Economics Chair at FAUBA, Luciano Cristofaro, revealed that: "Indonesia, Malaysia and Vietnam are large importers of Argentine agri-food and, by increasing their non-tariff measures, our exports decreased." The study reflected that about 60% of Malaysia's population consumes halal meat, a certification that ensures respect for Islamic standards and principles and requires that breeding and slaughter facilities be dedicated exclusively to halal production. In this regard, Cristofaro specified that "Argentina presented a trade concern to the World ...
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