Cristina Kirchner announced a lower in retentions to meat export and did not speak of YPF

 

April 12, 2012

 

President Cristina Kirchner announced a lower in retentions to meat to increase the profitability of the sector. They fell from 20% to 5%. She did not speak of YPF, and commented on the shortage of yerba.

“We are announcing a major tax measure related to the reactivation of the meat industry, the industrialization of the meat. The measure is a reduction of import duties of 15% to processed materials which are the canned beef stocks. It will be for 1 year at 5% to revive the meat industry”, she said.

“This is a transfer of 12 million and half dollars to the sector, but we will ask you things. Let’s form a committee of Trade, Economy, Industry and Labor ministries because we will require the increase of plants, because if there is a significant transfer of public resources, we will also demand that you maintain and increase staff plant linked to the sector”, Kirchner continued.

“It is important to note that there was a sharp increase in beef production. So happens with the yerba. We have increased the price 100% to the producer yerbatero for the chyle of the sheet and we will try that this is largely absorbed by the chains of production (cutting the sheets) and hopefully we do not have yerba shortage, otherwise we apply the Law of Supply”, she ended.