AreaArgentina

Commodity GroupGrains

CommodityAll

Date03/09/2018

Policy CategoryTrade

Policy InstrumentExport duty

DescriptionIntroduced a 12 percent export duty on all products, valid with immediate effect until 31 December 2020 (Decree 793/2018). The measure aims to increase Government revenue amid high inflation (34.4 percent in August) and a sliding currency. The 12 percent export tax is subject to a cap of 4 pesos per US dollar of export value for primary products, including agricultural goods, and 3 pesos per US dollar for other goods. The amount of tax to be paid will depend on commodity prices and the exchange rate.