Argentine Agricultural Sector Seeks to Reverse Tax Hike in Buenos Aires Province

Representatives from Argentina's agricultural sector met with Governor Axel Kicillof of Buenos Aires Province on Tuesday in an effort to reverse a recently approved tax increase. The agricultural groups are now seeking to negotiate with the provincial legislature to overturn the tax hike.

The meeting between the agricultural sector and Governor Kicillof comes amid ongoing tensions over the province's fiscal policies. Buenos Aires, Argentina's largest and most populous province, recently passed a tax increase that has drawn strong opposition from farmers and ranchers in the region.

Details about the specific tax hike and its impact on the agricultural sector were not immediately available. However, the farming groups expressed their firm opposition to any increase in taxes on their industry, arguing it would harm their competitiveness and profitability.

"We are here to open a dialogue with the government and legislature to find an alternative to this tax increase that will hurt our sector," said a spokesperson for the agricultural representatives following the meeting with Kicillof. "We hope we can work together to reach a mutually beneficial solution."

Why this matters: Argentina is a major global agricultural producer and exporter, and policies impacting its farming sector have wider economic implications for the country. The outcome of these negotiations in Buenos Aires Province could set a precedent for how other provinces handle taxes on the agricultural industry.

Governor Kicillof's office did not immediately comment on the meeting or the agricultural sector's demands. The negotiations are expected to continue in the coming days as both sides seek to find a compromise on the tax issue. The farming groups vowed to "use all legal and political means" to reverse the tax hike in the provincial legislature.

Key Takeaways

• Argentine agricultural groups met with Gov. Kicillof to reverse a tax hike.
• The tax increase has drawn strong opposition from farmers and ranchers.
• Argentina is a major global agricultural producer, so the outcome could set a precedent.
• Negotiations are ongoing as both sides seek a compromise on the tax issue.
• Farming groups vowed to use legal and political means to reverse the tax hike.