In the prelude to the traditional rural exhibition of Palermo, the Minister of Economy, Luis Caputolaunched a blunt message that resonated throughout the agricultural sector: The Government maintains its commitment to eliminate withholdings to exports from the field, although it conditioned that measure to the entry of currencies from strategic sectors such as energy and mining.
This announcement of Luis Caputocarried out just one day before the expected participation of President Javier Milei in the event, generated a wave of expectations among producers, entrepreneurs and rural leaders.
Caputo participated in a meeting with the link table, made up of the main referents of Agro: Nicolás Pino (Argentine Rural Society), Andrea Sarnari (Argentine Agrarian Federation), Carlos Castagnani (Argentine Rural Confederations) and Lucas Magnano (Coninagro).
In that meeting, the minister reaffirmed that the field is a priority for the government, highlighting that it is the sector with which more measures have been implemented since the beginning of the management.
“This government’s commitment to agriculture is explicit. The president said always and we have demonstrated it,” Caputo said during a transmission in libertarian streaming Carajo. In addition, he stressed that the relationship with the sector is based on mutual trust, which allows progress in long -term policies.
The elimination of export rights, withholdings, has been a recurring promise of President Milei and his economic team. Caputo described her as an “obsession” of the government, although he asked for “trust and patience” to the countryside, recognizing that decades of distortive policies cannot be reversed in just a year and a half.
Withholdings
Currently, withholdings mainly affect products such as soybeans (33%), corn (12%), wheat (9.5%), and vaccine meat (6.75%), although some regional economies have already benefited from the total elimination of the tribute.
Luis Caputo He explained that the removal of retentions will depend on the country’s capacity to generate currencies through sectors such as energy and mining, which could contribute to USD 54,000 million in surplus for 2033.
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