Milei's government announced zero export duties for poultry and beef.
President Javier Milei
porEditorial Team
Argentina
The presidential spokesperson emphasized that 'this is the only government that, when faced with adversity, responds by lowering taxes.'
Presidential spokesperson Manuel Adorni announced this Monday through his account on X that Javier Milei's government has decided to establish zero export duties for the export of poultry and beef, a measure that will be in effect until October 31, 2025.
In his message, Adorni emphasized that "this is the only government that, in the face of adversity, responds by lowering taxes," highlighting the fiscal policy implemented by the libertarian administration.
The measure aims to boost meat production and exports, one of the key sectors for foreign currency inflows, while reinforcing Milei's government's objective to increase the supply of dollars in the market and reduce pressure on the exchange rate. With this decision, meat producers will be able to sell their products abroad without export duties, which is expected to have an effect on the sector's liquidity.
El Gobierno de Milei anunció retenciones cero para carnes avícolas y bovinas
Zero export duties for grains
This measure adds to another announcement made by the government just a few hours ago, when export duties for all grains were temporarily eliminated, including soybeans, corn, wheat, barley, sorghum, and sunflower, also until October 31. The measure seeks to encourage producers to accelerate the sale of grains, with the goal of contributing approximately 7 billion dollars in exports to the foreign exchange market.
The economic impact of these policies is significant. In the case of grains, there are millions of tons valued at around 9 billion dollars, while the removal of export duties on poultry and beef opens the possibility for the meat sector to also increase its exports in the coming weeks.
Javier Milei y Luis Caputo.
These measures are expected to generate a positive effect on the supply of dollars, which will help reduce pressure on the exchange rate and encourage investment in both productive sectors.
Milei's government differs from previous administrations by choosing to lower taxes in response to economic adversity instead of imposing new restrictions or tax increases.
