This morning, the nation’s Ministry of Agriculture published a new resolution in which it adds new products from regional economies -65 tariff items– to the list included in the Export Increase Program, which provides access to a special exchange rate of 300 pesos per dollar.
Among the assets are products derived from apple, pear, orange, mandarin, grapefruit, rice, kiwi, onion, essential oils, quinoa, flax, coriander, oregano, paprika, chamomile and chains of trees, shrubs and bushes. Thus they are added to those deriving from the activities of viticulture, olive growing, beekeeping, fishing, forestry, wool, as well as from the production of legumes, garlic, tea, peanuts, tobacco, lemons, fruits – such as cherries, plums and blueberries.
To participate, companies must ensure the normal supply and price of the products included in Fair Prices.
Depending on the percentage of the company’s turnover in exports, they must establish price agreements for all their products between 1% and 3.2% per month until next August.
The third edition of the PIE was announced by the Minister of Economy, Sergio Massa, on Wednesday 5 April and established on 10 April with DNU 194/2023.
It establishes a differential exchange rate of 300 dollars per dollar for the soybean complex and the regional economies, extended until May 31 for the first sector and until August 30 for the second.
This is the first time that regional economies will be able to take advantage of the advantage and, as eligibility requirements -specified last Tuesday through resolution 138/2023-, traders or suppliers must have exported at some point in the last 18 months, in addition to make a commitment to maintain or increase one’s job.
Likewise, they must undertake to supply the local market with these goods, having to maintain or increase the volume of supply of the last 18 months, and respect “the price agreements for the local market established in this regard by the Secretary of Commerce” for the purposes of which “to ensure access for consumers to various products at a reasonable price”.
Source: Clarin
