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Argentine agricultural exports: Tax on exports not helping to initiate economic recovery

MarketLine

Even during numerous economic crises during the early 2000s Argentina routinely registered a trade surplus, but that is no longer the case. To combat biting economic conditions the government has imposed austerity alongside a plethora of policies which include higher taxation on exports. The decision to tax exports at a higher rate to lower the deficit is therefore flawed. Instead of agriculture being helped to improve the economy, higher export taxation makes key Argentine products more expensive in an industry which is notoriously price sensitive. Instead of targeting the agricultural… Read more