Argentina has lifted a five-decade ban on live cattle exports to increase competition in the meat sector. This policy change aligns with President Javier Milei’s deregulation agenda, aiming to boost agricultural exports critical for the economy. Last year, the country exported about 935,000 tons of beef, mainly to China.
The Argentine government has lifted a long-standing ban on live cattle exports that had been in effect for over 50 years. This policy change was announced by the agriculture secretariat and aims to foster greater competition within the meat and livestock sector. The move aligns with President Javier Milei’s broader agenda to deregulate the economy and create a more competitive market environment.
Argentina is renowned for its high-quality beef and traditional barbecue culture, making ranching and agriculture crucial to its economy. In addition to beef, the country is a significant exporter of processed agricultural products like soybeans, corn, and wheat. The recent deregulation is also part of Milei’s strategy to revitalize exports in the agricultural sector, which serves as a vital source of foreign currency for the nation’s economy.
In conjunction with the lifting of the cattle export ban, the Milei administration has previously implemented a five-month tax reduction on exports of grains and related products. These measures are designed to stimulate exports, enhancing Argentina’s ability to earn hard currency essential for importing goods and addressing national debts. Approximately 935,000 metric tons of beef were exported last year, with China being the largest importer, accounting for nearly 70 percent of those exports.
In summary, Argentina’s decision to permit live cattle exports marks a significant shift in agricultural policy after five decades. This change aims to enhance competition in the livestock market, supporting President Milei’s efforts to deregulate the economy and boost crucial agricultural exports, particularly to key markets like China.
Original Source: www.grainews.ca
