September 10, 2024

Argentina ends export duties on beef, pork, and dairy products

The government of Argentina announced the elimination of export duties on beef, pork, and dairy products and a 25% reduction in withholding taxes for different meat chains.

The objective of the action is to strengthen competitiveness.

The country's Decree 697/2024 establishes the elimination of withholding taxes for pork chain products to provide greater competitiveness and international projection for a product with high world demand. In addition, it implements a 25% reduction in withholding taxes for all animal proteins, whose current rate is between 4.5% and 9%.

Animal proteins constitute a value-added at origin to grains and have a massive federal impact, since sheep, poultry, cattle, and the rest of Argentina's exportable species are produced in all provinces of the country.

In 2023 alone, 25% of the export duties levied on these categories amounted to more than US$70 million. As a result of these new measures, this amount returns to the production chain and makes processing at origin more competitive.

These provisions, which are part of a broader process of deregulation, lowering of tariffs on agricultural inputs, opening international markets, and simplification of trade control procedures, are aimed at further reducing the burden of the country on agricultural production

- Secretariat of Bioeconomy (Argentina)