Argentina Eliminates Export Duties on Thousands of Goods
To bolster Argentina’s industrial competitiveness and export growth, the government will eliminate export taxes on over 4,400 products, impacting nearly 40% of the nation’s exporters. This measure, affecting $3.8 billion in exports last year, follows pressure from industry groups and aligns with the administration’s broader austerity program. The move, justified by improved public finances, exempts a significant portion of industrial goods, though some sectors like steel and automotive will remain subject to taxes. This follows earlier tax cuts on agro-industrial products.
John Q. Hosedrinker