Among the items benefited are agricultural machinery, auto parts, pharmaceutical products, cosmetics, insecticides, parts of motors, plastics, metals and watchmaking items, among others.
The Executive’s decision aims to boost productive and export activity.
The National Government formalized the Elimination of export rights For 88% of industrial products, which implies that 4,411 tariff positions will stop taxing between 3% and 4.5% on the exported value. The measure was formalized through decree 305/25, It represents an important fiscal relief for almost 3,600 companies, mostly small and medium -sized, which represent about 40% of the total export firms in the country.
According to official data, During 2024 exports of these products reached US $ 3,804 million. Among the beneficiary items are agricultural machinery, auto parts, pharmaceutical products such as hormones and blood prepared, cosmetics, insecticides, parts of motors, plastics, metals and watchmaking items, among others.
The objective of the measure according to the government is to improve the international competitiveness of the national industry, especially in a context of reorganization of public accounts. From the Ministry of Economy, they stressed that the elimination of distortive taxes is a sustained policy, which had already begun in January with the removal of retentions to agroindustrial exports of regional economies and value chains such as cotton textile, paper, cardboard, food and drinks.
Some strategic sectors are exempted from the measure, such as the basic inputs disseminated – Hierro, Steel, Aluminum and Petrochemistry– And the automotive industry, which will continue to pay tribute export rights.
The Executive’s decision aims to boost the productive and export activity, particularly of sectors with high added value and potential for global insertion, andn line with an industrial policy that prioritizes the development of SMEs and employment generation.
The industry celebrates: the government eliminated retentions for thousands of exportable products
The decision comes after a growing pressure from the national industry, which had been warning about a deterioration in its competitiveness, both due to external factors – as the increase in tariffs in key markets – and by the growing competition of imported products internally. “Industrial exports are stagnant and have descended with respect to the previous decade”warned the Argentine Industrial Union (UIA) in a recent report.
In response to the claim, from the Executive they affirmed that the transformation of economic policy requires measures that favor the efficient use of state resources, without compromising fiscal balance. Within this framework, they highlighted the importance of advancing in administrative simplification, the reduction of tax burdens and the promotion of economic activity such as pillars to sustain recovery.
The initiative is part of a broader simplification agenda, Deburocratization and commercial openness that the Government has been promoting. According to INDEC data, exports of manufactures of industrial origin grew during 2024 and reached 22,053 million dollars, compared to 20,744 million of the previous year. However, they are still far from the 2011 historical record, when they touched 28,790 million.
Source: Ambito
