Argentina President Javier Milei announced on Saturday (26) a reduction in export rates applied to meat, grains and derivatives. The measure meets an old demand from the agricultural sector and aims to stimulate production and unlock the potential of the Argentine field.
According to Milei, the reductions will be permanent and will represent a 20% drop in tax chains and 26% for the cattle and meat sector, key sectors for the country’s economy.
The new rates will be as follows: birds and beef from 6.75% to 5%; corn, from 12% to 9.5%; Sunflower, from 7.5% to 5.5%; soy, from 33% to 26%; Soybeans, from 31% to 24.5%.
In a speech at the official opening of the exhibition of the Argentine Rural Society (Mrs. Milei stressed that tax reduction is not limited to the agricultural sector. “The measure will benefit the entire economy,” said the president, as reported by S.Paulo Folha.
Milei criticized the high taxes that, he said, penalized the field in recent decades. “Our goal is to strengthen a sector that has been harshly punished for over 20 years. The elimination of retention is an obsession with our government, and we are moving firmly on this path,” he said.
Since assuming the presidency in December 2023, Javier Milei has been adopting liberal measures to regain the Argentine economy, fight inflation and balance public accounts. “This reduction was only possible because we won the fiscal surplus, something we are protecting as water in the desert in the face of the systematic attacks of the old political class,” he concluded.
