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Macri Eliminates Argentine Farm Export Taxes on Wheat, Corn

  • `No more excuses to not produce more,' he tells farmers
  • Soybean levy reduced to 30% from current level of 35%
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Argentine President Mauricio Macri carried through on a campaign pledge by eliminating export taxes on agricultural goods including beef, wheat and corn while cutting a tariff on soybeans by 5 percentage points.

"There are no more excuses to not produce more," Macri told farmers gathered in Pergamino, 245 kilometers (152 miles) west of Buenos Aires. "I will sign the decree today for the end of punitive export taxes and government regulations."