ANNOUNCEMENT 07 May 2013

In May 2013, the government of Argentina announced a change in financial export support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Presidencia de la Nacion Argentina (2013) Anuncios de medidas para el sector productor triguero: palabras de la Presidenta de la Naci?n.
http://www.casarosada.gob.ar/informacion/discursos/26462-anuncios-de-medidas-para-el-sector-productor-triguero-palabras-de-la-presidenta-de-la-nacion


Inception date: 07 May 2013 | Removal date: open ended
Still in force

Export subsidy

On 7 May 2013, the government of Argentina introduced a new production subsidy worth500,000,000 Pesos (USD 52,572,650.00). Argentine wheat producers receive a subsidy of up to USD 30 per ton based on a newly instituted "Certificate for the Stimulation of Argentine Agricultural Production".
 
The aim of the issuance of this Certificate is to upgrade the overall process of distributing refunds to exporters of wheat. To receive this certificate, exporters of wheat have to declare to the Unit for Coordination and Evaluation of Domestic Subsidies the amount of wheat they produced and exported in a given fiscal year.
 
Lastly, the financial affairs related with the distribution of these refunds will be managed via a fiduciary fund specifically established to deal with the export refunds of wheat and its derivatives. This fiduciary fund will be administered by the National Argentine Trust Fund.
 
 
 

AFFECTED SECTORS

 

AFFECTED PRODUCTS