Argentina's President Javier Milei vows gradual end to agro export taxes FAST-MOVING
President Javier Milei opened the 138th Exposición Rural in Palermo, reaffirming his government’s commitment to eradicate export retentions, which he called “an aberration”. He outlined a phased schedule: the soy export tax will fall from 33 % to 15 % by December 2028, corn’s rate will drop from 12 % to 5.5 %, and wheat and barley will be reduced to a final 5.5 % rate. Milei said the growth of energy and mining exports will generate the resources needed to finance the tax cuts.
He also highlighted the removal of the foreign‑exchange cap, describing it as the market’s “biggest theft”, and promoted a draft law on the inviolability of private property that is expected to attract about US$15 billion of investment in agro‑linked industries. The president noted that the agricultural sector contributes over US$83 billion to the Argentine economy and that the sector now produces record harvests and a surge in beef‑export earnings.
Entities: 138th Exposición Rural de Palermo · Argentina · Energy and Mining sectors · Javier Milei · Nicolás Pino · Private‑Property Inviolability Law · Sociedad Rural Argentina
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 11 SOURCES] Export taxes on wheat and barley will be reduced from 12 % to a final rate of 5.5 %. (existing)
- [● 5 SOURCES] The agricultural sector contributes over US$83 billion to Argentina’s economy. (existing)
- [● 12 SOURCES] Javier Milei announced a gradual reduction of the export tax on soybeans, lowering it from 33 % to 24 % and ultimately to 15 % by December 2028. (existing)
- [● 7 SOURCES] Milei announced a reduction of tariffs on agricultural inputs and machinery to boost competitiveness. (existing)
- [● 5 SOURCES] Nicolás Pino demanded the permanent elimination of all export retentions. (existing)
- [● 7 SOURCES] Milei eliminated the foreign‑exchange cap (cepo cambiario), calling it the market’s biggest theft. (existing)
- [● 11 SOURCES] Milei’s government is promoting a private‑property inviolability law expected to generate US$15 billion in investment for agro‑linked industries. (existing)
- [● 11 SOURCES] The export tax on corn will be cut from 12 % to 8.5 % and later to 5.5 % under Milei’s plan. (existing)