The director of OJF & Asociados and the UADE Business School, gave his opinion about the restrictions in the exchange market and the agricultural withholding schemes.
Fausto Spotorno, director of OJF & Asociados and the UADE Business School
Fausto Spotornodirector of OJF & Asociados and the UADE Business School, assured that The Government will have a “very great” opportunity to get out of the trap at the end of the year. Regarding withholdings, he said that If they will continue in a downward scheme, as happened this year with the Country Tax, the sector is in a position to continue growing.
During his participation in an event, Spotorno analyzed the performance of the agricultural sector during the Government of Javier Milei. In this regard, he highlighted that the record in terms of exchange is well above the 90s and early 2000s, why The agricultural producer “was able to survive two enormous negative shocks such as withholdings and the exchange gap with the stocks included.”
However, he warned that the evolution of international prices, which are currently at 2013 levelshas as a challenge organize the macroeconomy so that the sector functions properlyaccording to his opinion during the Forbes Agro Summit 2024 event, in which other important leaders of the sector participated.
In this context, the economist assured that “The Government is going to have a very great opportunity to get out of the trap at the end of the year.”
Regarding the reductions in withholdings, he said that if a reduction scheme continues, the sector is in a position to continue growing. Exchange stability is necessary to advance the process of industrialization and development of service chains, which is what provides great value generation to the sector, he expressed.
Source: Ambito
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