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Argentine gov't to eliminate export duties from 4,411 items

  • On April 30, 2025, Argentina's government announced the removal of export duties on 4,411 industrial products nationwide.
  • This action follows President Milei's economic reforms starting December 2023, including tightening monetary policy and prior elimination of export taxes on regional agro-industrial goods in January 2025.
  • The decree, formalized days after the announcement, removes export taxes ranging from 3% to 4.5%, primarily benefiting 3,580 exporting companies that represent nearly 40% of Argentine exporters.
  • Economy Minister Luis Caputo said taxes had reduced the competitiveness of Argentine companies abroad and the changes aim to boost industrial exports valued at $3.8 billion in 2024.
  • The removal of export duties does not apply to key materials such as iron, steel, aluminum, petrochemical products, and automobiles, which will still be subject to export taxes, thereby maintaining revenue from these essential sectors.
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El Cronista broke the news in Argentina on Wednesday, April 30, 2025.
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