MercoPress. South Atlantic News Agency
Argentina reinstates refunds for agriculture exports
Argentina has decided to reinstate refunds for agriculture exports, responding to a promise to the provinces from president Mauricio Macri but also to prop foreign trade and boost the most dynamic sector of an anemic economy. The fiscal cost is estimated in 165 million dollars and is extensive to wheat flour, beef, sunflower oil, powder milk, cheese, honey and other produce from the provinces. Read full article
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Disclaimer & comment rules“This was necessary to correct or mitigate an unfair situation compared to manufactured goods such as textiles and auto parts, which have a long standing promotion system while farm produce was punished”
Jan 03rd, 2017 - 08:56 pm - Link - Report abuse +4reekie will be so upset to hear about this
ML,
Jan 03rd, 2017 - 10:40 pm - Link - Report abuse +3Yes, he doesn't like the beef export profits - did his best to minimise that success.
You would think he doesn't really WANT an economic recovery.
Kamerad/Komrade Rique is, as they say, a “Wrecker and Saboteur,” a role which he is playing to this day...
Jan 04th, 2017 - 02:28 pm - Link - Report abuse +2There's a substantial part of Peronism that believes in extreme forms of economic nationalism, and some even say that Argentina should have no trade at all with other nations, and that it should make or grow everything it needs, that the national government should direct the economy and that growers should be subservient to such central planning. I think reekie's support for those things suggests that he was seduced early on by such childish notions, but there is no shortage of similar believers here. There is also no shortage of examples of how Argentina has failed miserably in such attempts.
Jan 04th, 2017 - 04:52 pm - Link - Report abuse +3Chopper (Kepi Troll) has always nattered on about turning Argentina into an autarky. Back when I was new to the room I took him seriously and directed him to a book on Francia's Paraguay. Francia is often stated as having made Paraguay a total autarky, but as the book makes clear, it never stopped trading with the outside, just that when the Argentines cut it off, they kept trading via Brazil, and eventually were selling cattle to Argentina (!) It's damned near impossible to do it, but as the self proclaimed smartest person in the room, he obviously didn't read it. ;)
Jan 05th, 2017 - 12:36 am - Link - Report abuse +2All your ducks in a row...
Jan 05th, 2017 - 09:23 pm - Link - Report abuse -4@ML
“reekie will be so upset to hear about this”
@K
“Yes, he doesn't like the beef export profits - did his best to minimise that success.”
@ i
“Kamerad/Komrade Rique is, as they say, a 'Wrecker and Saboteur,'”
Besides that, anything interesting to say, MP geniuses?
Just stating the obvious, Skullface. ;)
Jan 05th, 2017 - 09:48 pm - Link - Report abuse +2@reekie “....Besides that, anything interesting to say,...”
Jan 06th, 2017 - 12:29 am - Link - Report abuse +3Well, how about the news item that half of employed argies make less than 8000 ARS/month (US$ 500) -- 90 percent of working argies make less than US$1400 a month.
[And pay the highest taxes in the region]
Sounds like the results of decades of tremendous economic success.
Jus' sayin' , reekie-boy .
Aren't you glad you don't live in Argentina?
@ML
Jan 06th, 2017 - 01:24 am - Link - Report abuse -3Unlike you, the plight of my compatriots doesn't give me any shred of joy: much to the contrary.
That kind of morbid pleasure is for other sort of people--not for me.
Here's another one for you, reekie, another legacy of Peronismo for you to take great pride in:
Jan 06th, 2017 - 02:15 am - Link - Report abuse +3Employment taxes in Argentina are the highest in Latin America.
Tax rate paid by employers is up to 34.6% - plus what is paid by employees.
And let's not forget the 21 percent IVA (VAT) that is more than double the average for Latin America. Another legacy of peronismo.
The enormous tax burden is one of the reasons why there is so little investment and so little formal job creation here right now.
Of course, it's only one of the reasons.
ML
Jan 06th, 2017 - 04:02 am - Link - Report abuse +3Mr. Enrique would have us believe that he does not wish the hopelessness and misfortune that the Argentine people are experiencing and were experiencing under Evita Kirchner.
However, he stands resolutely opposed to any or all economic policies by Macri designed to improve their lot.
He would rather Macri fail than succeed.
He would rather not have the people realise there is an alternative to their hopeless life under Kirchner.
On the contrary, Kamerad/Komrade Rique, you have shown great delight in the further dislocation of the economy, as it is the only thing that will enable the return of your Narcokleptocratic Queen. You are as cynical (and as lying,) as “Stalin.” ;)
Jan 06th, 2017 - 06:16 am - Link - Report abuse +2And in today's news, another in the long list of detrimental peronista policies seems to be on its way out. By itself it's no big deal, but even tiny steps should be acknowleded:
Jan 06th, 2017 - 02:20 pm - Link - Report abuse +3Reuters: “Argentina ends holding period for foreign capital” .... '...Argentina's government ended a required holding period for foreign capital in a decree published in the official gazette on Thursday, in order to attract investment with the country mired in recession. '
The country needs 10 years or more to work on removing the real barriers.
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