Macri ditches wheat, corn, beef export taxes

Monday, December 14, 2015

Macri ditches wheat, corn, beef export taxes

The national government has finally announced one of its pledges during the campaign: the total removal of export taxes for regional economies and a cut of the soy bean export tax by 5%.

Soy bean export taxes will be reduced from 35 percent to 30 percent while corn, wheat and meat export taxes will be totally removed.

“The day has come and I had asked you to hold on,” Macri said during a speech delivered in the Buenos Aires city of Pergamino where he made the announcement, escorted by Buenos Aires governor María Eugenia Vidal, Agricultural Minister Ricardo Buryaile, Interior Minister Rogelio Frigeroi and Let’s Change Senators Carlos Reutemann and Alfredo de Angeli, among other officials.

He called to “launch a new phase together” adding “without the agricultural sector the country won’t move forward.”

He assured public works will be increased across Argentina and vowed to “double the production capacity.” “We must stop being the world’s barn to be the world’s supermarket,” he added and addressed producers when he warned: “There is a commitment that we have to observe which is to pay the taxes. There are no more excuses now. I will be implacable with those who evade the law.”

Last week, Agricultural Minister Ricardo Buryaile said the government expects with this measure to boost reserves by 6 billion dollars. 

El anuncio se realizó en un acto en Pergamino en el que participaron el Presidente, la gobernadora bonaerense, María Eugenia Vidal, el ministro de Agricultura, Buryaile, de Interior, Rogelio Frigerio y los senadores de Cambiemos, Carlos Reutemann y Alfredo de Angeli, entre otros.