The opposition promotes a project to promote regional economies

Representatives of Together for Change presented to Congress a project that provides for a series of tax and tax breaks with the aim of promoting the affected regional economies and supporting the creation of new jobs in the private sector.

It is a project of “Promotion of the regional economy” which was presented to the Chamber of Deputies by Rogelio Frigerio, who is emerging as a candidate for governor of Entre Ríos, and almost simultaneously was also promoted by senators Carolina Losada and Luis Juez.

According to Frigerio, the initiative “will serve to foster the economic development it will allow improve the competitiveness of the entire agri-food chain and achieve higher levels of real employment, in the private sector ”.

“Our commitment has always been, is and will be with those who work, produce and create jobs. With work and better opportunities for all of us we will be able to get out of the impasse in which we find ourselves “, highlighted the former Minister of the Interior during the government of Mauricio Macri.

In the meantime, Losada announced that in the face of the “critical situation” that Argentina is experiencing, “it is essential” that economic policy measures are adopted that “help fight the crisis and allow them to continue to produce and exploit the advantages of each region of the country “.

“Thousands of producer families depend on regional economies and, despite obstacles and taxes, they bet on the country,” said the legislator.

For his part, Judge stressed that “producing families are the engine of the Argentine economy and their production is very important because most of their products are exported, generating the foreign currency that the country needs”.

At this point, the representative of Córdoba indicated that this sector was coming to export products for which “7.2 billion dollars in the past”. “We have to help them move forward and keep growing,” she said.

The main points of the project

The project that promotes the generation of a Regime for the Promotion of Regional Economies is aimed at “companies and cooperatives that carry out activities related to both primary and industrial production”.

Strictly speaking, it is an initiative aimed at olive growing, viticulture, fruit growing, citrus growing, horticulture, poultry farming, beekeeping, cultivation and production of yerba mate, tea, tobacco, rice, cotton, sugar cane, peanuts, legumes, small livestock, Andean crops, forestry and any other productive activity.

To promote activity in these sectors, tax concessions are envisaged such as “a non-taxable minimum for the payment of employer contributions and a 0% in the export duty rate of products of regional economies ”, among other advantages.

It also promotes the creation of employment with provisions that facilitate the “regularization” of employment contracts stipulated in the agricultural sector. Compatibility with national and provincial funds and measures aimed at promoting “quality agro-industrial employment” are also established.

Another chapter of the proposal concerns the provisions on incentives for industry.

According to this project, the executive authority will be the Ministry of Agriculture, Livestock and Fisheries of the Nation, while it is established that the regulation of the law must be carried out within 60 days of the sanction.

The proposal also provides for “infringements, sanctions and forfeiture of benefits” for those who do not meet the requirements of this promotion scheme.

This benefit will be valid for five years and may be extended for the same period. “If the extension is arranged, it will have effects only in respect of the provinces that have dictated promotion regimes similar to the current one, or have ensured fiscal stability during the period of validity of the Regime created by this law”, it is clarified.

Finally, the provinces are invited to dictate similar promotion regimes in their respective jurisdictions or to ensure fiscal stability during the period of validity of the national regime.