Argentina: New Government Lifts Currency Controls and Cuts Export Taxes

On December 17th, 2015, the government of Argentina removed currency controls and eliminated the multiple exchange rate system. Along with this, the government published the official resolution reducing the export tax on soybeans and its byproducts by 5 percentage points and eliminating export taxes for all other commodities. These policy changes will have a significant impact domestically and in international markets as these changes will make Argentine agricultural commodities more competitive and encourage an increase in export sales in the next few months. The official resolution ending all export permits (ROEs) is expected to be released soon. 

Argentina: New Government Lifts Currency Controls and Cuts Export Taxes