This Wednesday the Minister of Economy Sergio Massa advertisement three decrees that will be known in the next few hours, from which it will seek to benefit the export sector, which is the currency generatorwhich indicated that they will strengthen the reserves.
The advertisement will be framed in the “export increase program”, presented by the Minister of Economy, Sergio Massaand the Secretary of Agriculture, Juan Jose Bahillo.
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Massa assured that Argentina is undergoing “the worst drought in its history” before mentioning the measures.
“The first thing we do with one of the three decrees that we have in place is to establish the automaticity of emergency benefits for all producers”, for which reason he announced “the suspension of perceptions” and new credits”
Ethe first decree It is producer oriented. He explained that detected 69,000 producers who are in a very complicated situation due to the drought. With this measure they seek to automatically receive the support of the State.
“We have to face the worst drought in Argentine history. As a State we must address two situations 1) to producers. For those of the central provinces. There are more than 69,000 producers damaged with losses in irreparable cases,” said Massa.
Second measure: the differential exchange rate
Regarding the second measure, the Export Increase ProgramMassa announced that it will cover both the soybean complex and the regional economies under an exchange rate that will be fixed at $300.
Regarding the inclusion of regional economies, he reported that it will be from Monday, April 8 to August 30. And he assured that from “tomorrow until next Friday the regional economies will be incorporated, which in order to access the exchange rate must meet the following requirements:
Among other things, he indicated that only the regional economies sitting at the announcement table added more than 338,000 jobs. The Minister underpinned this situation of offering employment and added the objective of increasing exports, as well as regulating different variables of the domestic market.
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It is important to maintain internal prices: “We want exports to increase, but also that internal prices not increase, that this greater gain be reflected in the prices of the internal market.” Also, he stated, they must maintain “supply volumes” in the domestic market.
third measure
Regarding the third decree, he explained that it will be focused on those who They do not play fair and he referred to a group of companies that do not meet the agreed deadlines to liquidate the dollars for exports.
“Each company has a term of 180 days to liquidate the benefit of their exports, but the effort is not equal. While some comply, others speculate and cheat the State.”
This third measure is focused on companies that have not complied with the settlements. “We are going to apply a CUIT suspension mechanism, since there are companies that evaded 3.7 billion dollars,” said Massa.
LR
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