Argentina Adjusts Export Taxes, Import Financing Restrictions
Argentina recently lowered export taxes on a range of agricultural goods and imposed financing restrictions for importers of certain luxury beverages, the U.S. Department of Agriculture Foreign Agricultural Service said in a report released Jan. 14. The government lowered export…
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taxes for certain “specialty crops,” including apples, pears, blueberries, seeds and alfalfa, which is intended to boost the competitiveness of Argentinian exporters, and encourage exports of “products whose increased production will result in higher levels of employment, and for which increasing exports won’t raise food costs.” The financing restrictions apply to importers of certain luxury goods, including champagne, whisky and other liquors valued at more than $50 per liter.