Argentina sheds tax on organic products to grow exports
The government of Argentina has announced the removal of taxes on organic products of plant origin in order to promote exports.
According to a document published in the country's Official Gazette, an export tax rate of 0% was approved for all products considered organic under national law and which have official documentation, Agrimundo.cl reported.
Argentina has 3.2 million hectares of organic crop production throughout 23 provinces and is ranked second globally in terms of the amount of hectares a country uses for organic farming nationwide.
The country exports 170,500 metric tons (MT) of organic products each year. Its main export markets include the United States and the European Union.
"40% of these products are added-value products, such as wine, juice, bagasse, flour, olive oil, rapeseed oil and dried fruit including apples, blueberries, and many molasses varieties," said the Argentine Movement for Organic Production (MAPO) secretary Gonzalo Roca.
"The demand for organic products signals strong growth potential for this market and for national development, and continues to increase at an international level," according to the government's official statement.