Gustavo IdigorasPresident of the Chamber of the Oil Industry of the Argentine Republic (CIARA) and the Grain Export Center (CEC), explained that for the private sector, “retention is a long stretch of highway that must continue to be paved downwards.” “And macroeconomically, 2026 is expected to be significantly more stable. So it’s a good sign for rural areas that there is a roadmap in the central bank where the exchange rate is predictable and that inflation also follows this path,” he said in an interview with Our Earthpublished by Radio profile AM 1190.
After the surprising decisions of the government of Javier Milei To reduce withholding taxes, Idígoras explained that 2025 was presented as an “extremely active and changing year as the country is, although some variables gave us positive signals: the first is a much more orderly macroeconomy, which is important for rural areas.”
“When we talk about exchange rates and inflation, Relatively speaking, it’s a good year. And secondly, the government made every possible effort to reduce withholding taxes in 2025,” he said.
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The head of CIARA-CEC recalled that the change in the tax system of export duties on grain began with “temporary reductions” in the rates established from last January to June 30.After participating in Rural, Milei decided that the reduction in withholding tax would be permanent“, he remembered.
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Idígoras also noted that after the “zero rule” in withholding taxes that came into force last October under the La Libertad Avanza government, “the withholding taxes for soybeans, corn, wheat, barley and sunflower continued to be reduced, by a few points more.” Therefore, it seems to me that the government’s efforts in macroeconomic terms and in terms of retentions have been very important.“.
International scope
According to Idígoras, “at the international level we have had a typically Argentine year. We have succeeded in exporting the Argentine syndrome of permanent stability change internationally. For example, the Europeans were characterized by being very predictable in political matters, and in 2025 they decided to change the deforestation bans in just 30 days: good news, but they did it in a very short time.
“Secondly, the day before they came to Brazil to sign the European Union’s Mercosur agreement, they were afraid of a semi-truck and said: no, I’m not doing that, let’s better sign it in January 2026.” Donald Trump, the President of the United States, has also added a very important note of uncertainty to the global tariff war.“, he said.
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According to the head of CIARA – CEC, all these global problems meant that companies in the agricultural commodity export sector in Argentina “had to talk daily to buyers from Thailand, Malaysia, Indonesia and Vietnam, among others; where the American position is very aggressive and tries to displace Argentine or Brazilian products. It must be remembered that Chinese involvement in Argentina is very relevant“, he concluded.
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