14/03/2019 – The Argentinian agro-food sector has grown remarkably over the previous thirty years, pushed by innovation, an abundance of younger, well-educated farmers and robust worldwide costs. While Argentina’s use of export taxes has raised much-needed income for the federal authorities, the coverage has decreased gross farm revenues by an estimated 14% over the interval of 2015-17, discouraging funding in one of many nation’s best sectors, in accordance with a brand new report from the OECD.

The OECD Food and Agricultural Review: Agricultural Policies in Argentina finds that macroeconomic instability in Argentina has positioned a heavy burden on the agro-food sector over a lot of the previous 20 years. Export taxes on necessary commodities proceed proscribing producer entry to profitable world markets whereas keeeping home costs low. Reforming the usage of export taxes shall be vital to the long run improvement of the agro-food sector, in accordance with the Review.

“Argentina is a major player in international agriculture markets today, with tremendous potential to increase productivity growth, on a sustainable basis,” mentioned Ken Ash, OECD Director of Trade and Agriculture, throughout presentation of the Review with Argentina’s Minister of Agro-Industry Luis Miguel Etchevehere on the ExpoAgro occasion in San Nicolás, Argentina. “Future success depends on governments and industry working better together, both to ensure sustainable use of land, water and biodiversity resources, and to modernise the agricultural innovation system,” Mr Ash mentioned.

The OECD Review says that at this time’s difficult macroeconomic atmosphere makes it essential for Argentina to search out the precise steadiness between the short-term want to boost authorities revenues and the long-term goal of phasing out export taxes. While environmental pressures should not as extreme as in lots of international locations, pressures are growing and warrant early consideration, as does additional creating the sector outdoors the Pampras area, in accordance with the Review.

The OECD Food and Agricultural Review: Agricultural Policies in Argentina is free to learn on the OECD iLibrary.

For additional data, journalists can contact OECD Media Officer Lawrence Speer (+33 1 45 24 79 70) or the OECD Media Division (+33 1 45 24 97 00).

Working with over 100 international locations, the OECD is a worldwide coverage discussion board that promotes insurance policies to enhance the financial and social well-being of individuals around the globe.

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