The president assured that the reductions are permanent and will not be reversed while he is in office
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President Javier Milei entered the La Rural grounds in Palermo to lead the official opening ceremony of the 137th Rural Exhibition, in an atmosphere filled with anticipation for the announcements aimed at the agricultural sector.
An hour later, after listening to the words of the president of the Argentine Rural Society, Nicolás Pino, the head of state took the floor from the stage and confirmed what had been anticipated: a permanent reduction in export duties.
"Starting today, export duties on poultry and beef will be reduced from 6.75% to 5%; export duties on corn from 12% to 9.5%; export duties on sorghum from 12% to 9.5%; export duties on sunflower from 7.5% to 5.5% and 4%, and also export duties on soybeans, from 33% to 26% and on soybean byproducts from 31% to 24.5%," the president detailed, fulfilling what was expected.
Javier Milei, presidente de Argentina.
Milei indicated that this measure "results in a 20% reduction in export duties for the grain chains and a 26% reduction in export duties for the livestock and meat chain, which will be permanent and aims to boost the countryside, the most productive sector in the economy and one that has lost many jobs in the last 20 years."
Additionally, the President clarified that "it also includes the temporary reductions we announced for wheat and barley, which will also be permanent. I repeat, these reductions are permanent and will not be reversed as long as I am in office."
President Javier Milei arrived at the grounds accompanied by his sister, Karina Milei, Secretary General of the Presidency, and by the Minister of Economy, Luis "Toto" Caputo. The three toured the main arena in a 4x4 truck, receiving applause from all four stands of the venue.
Javier Milei, presidente de Argentina.
On the stage, the president of the Argentine Rural Society (SRA), Nicolás Pino, and several ministers, including Guillermo Francos, Patricia Bullrich, and Luis Petri, were waiting for them. However, the absence of Vice President Victoria Villarruel did not go unnoticed. The event began a few minutes before 11 with the traditional parade of the Regiment of Grenadiers.
After Pino's speech, around 11:35, it was time for the President of the Nation's address. Upon stepping up to the podium, he was greeted with applause, and from the audience a shout was heard: "Thank you for lowering inflation, President!"
Milei replied with a gesture of gratitude, although he clarified: "There's still more to do. You'll see when by the middle of next year we bring it down to zero." Moments later, another voice from the stands shouted: "Well done, Peluca!"
"It is a source of pride for me to stand before this arena where, for almost a century and a half, the best representatives of our livestock industry have paraded," Milei began.
He then emphasized that the Rural Society "has become a global benchmark" because "our genetics are in demand as a prized asset in all livestock countries around the world."
