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DewDiligence

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DewDiligence

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Re: DewDiligence post# 11467

Tuesday, 12/15/2015 10:01:17 AM

Tuesday, December 15, 2015 10:01:17 AM

Post# of 30495
(MON)—Argentina eliminates export taxes on farm products (as new President promised during campaign):

http://www.wsj.com/articles/argentina-to-remove-export-taxes-on-some-agricultural-products-1450100855

Argentine President Mauricio Macri on Monday eliminated export taxes on beef, corn and other farm products, a move that could dramatically boost the country’s agricultural output.

Argentina produces around 100 million tons of grain and soybeans annually, making it one of the world’s leading farm exporters.

Eliminating the taxes, which currently range from 15% to 23%, could help boost production to 180 million tons by 2025…

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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