November 28, 2014
Government backs agriculture export tax
Agriculture Minister Carlos Casamiquela confirmed that taxes on the exportation of agricultural products remained in effect, and stated that redistribution “is linked to a society that makes an effort for a fairer country with less inequality.”
In that sense, the official remarked that it is impossible for the country to “export corn for another nation, when we simultaneously import pork meat, which is fatten with that very same corn.”
In addition, the minister assured taxes “shouldn’t discourage production, but allow, while combined with other state policies, the increase of aggregated demand.”
During the upcoming weeks, the rural sector plans to pick up the harvest, as prices of commodities are still high.
The administration led by President Cristina Fernández de Kirchner is keen to see a new injection of foreign currency following the devaluation process that took place in the past days, combined with a steep decline in national reserve levels.