IEG Vu is part of the Business Intelligence Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLCs registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. Please do not redistribute without permission.

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Argentina reduces export tax on processed meat

The Argentine President Cristina Kirchner announced the reduction of export tax rate of corned beef and beef extract, 15% to 5% over a year to reactivate the meatpacking industry.

"We will charge the consideration of these companies employed in the maintenance and expansion of existing units because they will receive an important benefit of $ 12.5 million that we're giving up," said Cristina.

The deductions and various export restrictions imposed since 2007 have caused a crisis in the livestock sector. Last year, dozens of plants were closed, including six units of the Brazilian group JBS, which controls Swift Argentina.

The reduction rate for processed meats is especially beneficial to Swift. "It's an ad for calm and help the unions to reopen the Swift Venado Tuerto unit, which has about 700 employees," said an industry source for AE. "Its closure had been a heavy blow to the region," he added.

Information provided by Agencia Estado

Advertisement

Topics

What to read next

Advertisement
UsernamePublicRestriction

Register

CO193343

Ask The Analyst

Please fill in the form below to send over your enquiry or check the Ask The Analyst Page to find out more about the service

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel