The Government announced the elimination of export tariffs on regional economies and the reduction of export duties for all crops until next June. In the announcement made at the Casa Rosada, Economy Minister Luis Caputo emphasized this government's focus on reducing taxes. The decision was justified by the impact of drought on the agricultural sector, as well as the decline in international prices.
The measure affects various crops such as soybeans, wheat, corn, flour, barley, and sunflower. The elimination of tariffs will take effect from next Monday and will last until the end of June. This was a repeated request from the agricultural sector and governors of provinces with strong agricultural production.
Presidential spokesman Manuel Adorni highlighted that the reduction of tariffs is possible due to the financial surplus achieved, which is attributed to the efforts of Argentinians and the implementation of Minister Caputo's economic plan. For his part, the mentioned minister explained: "This is a work that has been ongoing especially since the last quarter of 2024" and added that he would reduce the rates for the main crops and eliminate tariffs for regional economies.
The news was announced while President Javier Milei was in Davos to participate in an economic forum. Caputo, who stayed in Buenos Aires due to a mission from the IMF, had previously stated that he would meet with the Liaison Table upon his return from the tour, which was expected to take place in February. The temporary measure will be applied from Monday until June, coinciding with the context of low international prices for raw materials and the drought affecting producers, which was explained as a sign of support for the agricultural sector.
