Area
Argentina
Commodity Group
Oilseeds, oils and meals
Commodity
Soybeans, soymeal, soyoil
Date
01/01/2018
Policy Category
Trade
Policy Instrument
Export policy
Description
Lowered export taxes on soybean, soymeal and soyoil by 0.5 percentage points, planning to continue with the same half-point-per-month reduction for the next two years.
Notes
In line with pledges made in October 2016 (see MPPU Nov.16), the Government lowered the countrys export tax on soybean by 0.5 percentage points, to 29.5 percent, effective 2 January 2018. For the next two years, the tax will be reduced by a further 0.5 percentage point each month, eventually settling at 18 percent in December 2019. The same half-point-per-month reduction will apply to the export tax on soymeal and soyoil, which was lowered to 26.5 percent in January and will drop to 15 percent over the next two years. Reportedly, the tax cut is part of a number of measures taken over the last two years to increase competitiveness and predictability in the oilcrops sector.
