The reason for the meeting is to listen to the concerns of the sector after the collapse that the area suffered during the past year.
As reported by the National Institute of Statistics and Census (INDEC), 2024 ended with a 9.4%drop, exceeding a year of pandemic (7.5%) and being below 2002 (where it closed at -10.6%).
The UIA requests a “decrease in national taxes” to production and asks the Milei administration to “face” an agenda to lower the “Argentine cost”, which includes tax reduction.
They also joined the claim that they initiated from Casa Rosada, so that governors and mayors make cuts to tax pressure through gross income and municipal fees.
The meeting will take place After the message that the president sent to the sector this Monday in an interview with A24, in which he said: “They will have to compete, they will have to lower the returns.”
For Milei the industry that does not adapt to the new system “will break”
In addition, Milei considered that the one who does not adapt to the new “break” system. As to The expectations of manufacturing executives, shared by INDEC, 26.8% hoped that domestic demand will improve in the first quarter of 2025, while a third said it will worsen.
On the other hand, almost 40% said it will not have variation; 11.4% expect to increase the use of their installed capacity; 8.5% will hire more personnel and 27.5% believe they will have to reduce its plant.
Orlando Ferreres, Ofj & Asociados, said that among the sectors “the strong expansion is still verified in the oil sector, and a rebound in the machinery and equipment sector, while in non -metallic minerals and basic metals” The fall rate “but there are no bounce signs in these activities.”
Source: Ambito
