Argentine government lowers beef export tax to 6.75%
Export tax reduced from 9%
6 August 2024
1 minute read
By: Argentina's government has reduced the country's beef export tax to 6.75% from the previous 9%, Reuters reported, citing a decree on Tuesday.
The measure which reduces the tax by 25% partly fulfils a promise that libertarian president Javier Milei made to agricultural producers.
The measure was taken "to promote sales to foreign markets, improve the level of income of producers and processors, favoring insertion in international markets", the decree published in the Official Gazette stated.
Argentina is a traditional world exporter of beef, and the main destination of the meat is the Chinese market.
Milei, a right-wing ultra-liberal, had promised during his presidential campaign last year that he would eliminate export taxes on agricultural products if elected.
