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MercoPress, en Español

Montevideo, April 25th 2024 - 12:53 UTC

Tag: Paraguay Senate

  • Wednesday, April 25th 2018 - 08:50 UTC

    Paraguay soy farmers hopeful newly elected Senate will not slap levy on exports

    Surveys had projected that the ruling Colorado Party could lose up to seven of the 20 seats it currently controls in the 45-member Senate.

    Paraguay's business-friendly ruling party lost fewer seats in Sunday's Senate election, than expected, ensuring strict fiscal policies while lessening chances of a tax hike on the key soy sector. Farmers in the world's No. 4 soybean exporter had feared that the new Senate might approves a measure, defeated last year, that would slap a 10% levy on exports.