The union of rural associations expressed its discomfort at the increases announced by the company Terminal Cuenca del Plata.
The rural federation expressed its “deep concern” about the rate increases decided by the company Cuenca del Plata Terminal (tcp), whose majority shareholder is the Belgian company Katoen Natiein it Montevideo port.
Through a statement, the union of rural associations expressed its discomfort at the 13% rate adjustment in dollars decided by TCP, the only operator of the country’s main port. In the letter, they maintain that this decision “seriously aggravates the already deteriorated conditions of the competitiveness of the exporting sectors.
In turn, they point out that these sectors “have been facing a exchange rate delay very severe in a complicated global context and in the midst of one of the most important droughts in recent decades”.
In the letter, dated August 16, it is assured that the Rural Federation “will remain attentive to all actions that affect the country’s competitiveness, and will continue to insist on the consequences that the economic policies implemented by the government will surely have on employment. , investment and the future activity of the economy”.
As of today, the 17% increases in the port fees that TCP decided after long meetings with the national government, which were more than 7 percentage points below the adjustment of 24.1% previously defined by Katoen Natie. In turn, they announced a correction of 13% in dollars in the tariffs for exports and temporary admission.
TCP announced that it raised the rates due to the drop in the exchange rate
In a statement, the company states that due to the drop in exchange rate“it is necessary to correct the economic mismatch that we have between our income, pay the operating costs of our terminal and meet the cash flow commitments that the project needs.”
In addition, Fernando CorreaTCP’s Institutional Relations manager, expressed that “it is important to highlight that this decision is marked in a plan for the gradual correction of the necessary balances for the company. The decision seeks to minimize the impact of the measure, with special attention to export sector”.
Source: Ambito
