After learning about the Draft Law of Bases and Starting Points for the Freedom of Argentines, Bodegas de Argentina issued a statement in which it described the current situation of the sector.
Wineries of Argentina They expressed this Friday the “concern” of its associates before the Draft Law of Bases and Starting Points for the Freedom of Argentines which proposes the imposition of 8% in rights to wine exports.
According to the entity, “8% of the billing of wine exports is equivalent to adding only US$60 million to the state coffers, constituting just the 0.005% of public spending“.
In a statement, he noted that these withholdings further harm the competitiveness of Argentine exports compared to countries without taxes on exports and accentuate the fall in the already reduced sales of wine abroad, which in the last year decreased by approximately 30%.
Wines
Buenos Aires City
For the entity, with the imposed percentage “will reduce the number of direct and indirect jobsnegatively impacting the inclusion and roots in the wine-growing areas“, in addition to “generating negative consequences in related activities such as wine tourisma vital source of foreign exchange income for the region”.
He also considered that it will “result in the loss of added value of a product that could easily be degraded to the category of commodity“.
wine2.jpg
“The devaluation of the official exchange rate and the mix for export settlement 80% official exchange rate and 20% financial dollarinitially generate a competitive improvement of 20%, which decreases as 12% with the application of 8% in export duties,” they explain.
“Similarly, the exchange rate for imports increases a 118% Due to the devaluation announced and country tax increase“he added.
store
© Álvaro Amieva
Therefore, he urged the authorities to reconsider the measurewhile calling on the governors with wine developments to to illustrate about the situation of the sector and asked national legislators not support the proposal.
Source: Ambito
