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The President of the Argentine Rural Confederations (CRA), Jorge Chemeshe stated on Tuesday that “the exchange rate differential functions as a hidden withholding tax” and remarked that it is “extremely necessary that this be resolved because it takes away transparency from the commercial chain”.
“We always emphasize export duties, withholding taxes, and few of us talk about the damage caused by this exchange differential. There is no doubt that it works like a secret outlet and that’s what I think needs to be changed, “Chemes stressed.
During a new meeting of the fourth edition of the Democracy and Development cycle convened by Clarionewhose focus this year is “The Engines of Argentine Growth,” he said “it is extremely necessary that this be resolved because it removes transparency from the commercial chain, it is a disincentive to produce “.
“If we continue with this scenario, I think few people will want to invest in agriculture. the distrust generated by all these wrong measures is a fundamental factor. If there is no trust, who will risk the thousands of dollars that we literally bury every year in our fields in order to produce?
“We have always emphasized withholding and few of us talk about the damage caused by this exchange rate differential,” said Jorge Chemes. Photo Maxi Failla
The agricultural leader also warned that if the government “changes the vision “on the agricultural sector and” stops being ideologized ” could “find the solution to many of Argentina’s problems”
“There is a fundamental point that is not only immediate but historical, which is the governments’ view of the agricultural sector. If the vision changes and we stop ideologizing, we could find the solution to many of Argentina’s problems, “Chemes stressed.
In the first panel held at the auditorium of the Malba Museum, entitled “Agricultural products and their value chains”, he underlined: “This change of vision could lead to don’t just think about the pitch when we have a crisis, need collection and we know that’s what produces the dollars fast, cool and all the resources to then use them in the various political actions “.
News in development
Source: Clarin
