From the neighboring country they pointed out that the measure will positively impact the competitiveness of Uruguayan exporters.
An increase in the tax on malting barley in Argentina could benefit the Uruguayan exporters of the malt sector, with an improvement in competitiveness and an eventual growth in loans.
It is that the government that heads Javier Milei established an increase in export duties on agroindustrial products, which in the case of the malt They would go from 9% to 15%, also compromising beer sales. From the Chamber of the Beer and Malt Industry They warned that, due to this measure, Argentina would be surpassed by Uruguay as the main exporter of the product of South America.
For the Argentine entity, the initiative “will remove incentives to export added value” and they reviewed that “in the last 10 years, investments in the malt sector were based in Brazil and Uruguay, “who today have idle capacity in their malthouses,” according to Alejandro Berlingeri, executive director of the entity.
By delving into the complications that it will generate in the neighboring country, Berlingeri stated that “ultimately, the increase in export duties benefits the malthouses of Uruguay and Brazil, that will increase their production to the detriment of the Argentine industry”.
For the increase to complete, it is necessary for the Decree of Necessity and Urgency (DNU) who signed Milei, who reaped several protections against him and will be observed by the Congress.
Uruguayan exporters are favored by Milei measures
This measure is added to the one carried out this Tuesday, when the government of Milei defined the elimination of licenses imports, which meant the end of the questioned SIRAs, which Uruguayan exporters saw as a system that favored “discretion.”
Now, “all merchandise included in the tariff positions of the Mercosur, with definitive import destination for consumption, they will be able to enter the country without needing to process an import license,” the Argentine government highlighted.
The brand new Import Statistical System (SEDI) seeks to simplify the processing of import operations and ensure that there are no “delays in the productive sectors”, while providing the administrative procedure with “greater simplicity and transparency.”
Source: Ambito
