He Argentine Agribusiness Council (CAA) submitted a formal proposal for the change to the bloc leaders of the nation’s Senate Medium Investment Incentive Scheme (RIMI) This measure is included in the Work Modernization Act, which expands the range of companies that have access to this benefit.
“The aim of this initiative is Fix exclusions “The impact on a significant group of agricultural and agro-industrial companies is that the system is truly federal and promotes employment and investment,” they stated from the organization that represents 63 chambers of the sector.
According to the current wording of the RIMI, according to the CAA, “a large percentage of agro-industrial investments by regional economy “You would be excluded from the benefits.”
The sectors that the company has identified as non-beneficiaries of the project include: warehouses and food and beverage processing plants; Plants for treating and conditioning seeds, fruits and legumes; sunflower mills and grinders; and the agricultural machinery industry.
In this sense, the CAA recalled that “currently The RIGI already excludes agro-industrial investments18% of GDP and 65% of annual productive investment remain outside the legal framework. Restricting RIMI to SMEs only repeats this scenario of lack of protection for medium-sized investments.”
The CAA proposal focuses on amending Articles 175 and 177 of the Project, which give rise to it “Inclusion of all types of companies”.
“It is suggested Remove restrictions which restrict the benefit only to micro, small and medium-sized enterprises (Tranche 2), so that any agricultural company can apply if it makes significant productive investments.”
In addition, it increases a “Investment category”which “proposes to include a section for ‘other companies’ not categorized as SMEs and to set a minimum investment amount of $30 million to gain access to the regime’s benefits.”
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