Agribusiness plan advances to achieve returns of 4% to 7%

The project of differential withholding and refunds for agribusinesses is advancing. This week, the Argentine Agribusiness Council (CAA) made the first concrete proposal to the government: rebates ranging from 4% to 7%. Two levels of rates would apply according to the degree of industrialization: 4% for products with less processing and 7% for those with more processing. No refunds would grant for exports of soya beans, maize, wheat, barley and sunflower. The Foreign Ministry believes that shipping from the sector could increase from $65 bn to $8 bn in the next two years.

Source: Ámbito