Argentine fishing industry to receive 7-year tax exemption

According to the Argentine website Pescare, fishery products will be exempt from the entire export tariff to countries of the bloc in a period of zero to seven years.

Some products such as whole fish and hake fillets will be granted duty-free access at the time the agreement comes into force.

In addition, in the field of sanitary, phytosanitary, and technical regulations, the agreement provides for improved remittances by establishing deadlines and procedures, avoiding unjustified and arbitrary measures.

It should be remembered that approximately 40% of Argentine seafood shipments went to Europe last year, according to the Undersecretary of Fisheries of the Nation.

The main destinations were Spain (89,765t for 483m) and Italy (28,928t for 181,1m). Then Russia (15,342t for 58.9m), France (6,560t for 49,7m), and Poland (4,618t for 16,2m), among others.

Port Terminals

Also according to Pescare, from January to June 28, 2019, the seafood was exported by almost all the port terminals of Argentina:

• Rawson: 39,650.5t
• Puerto Madryn: 14,069.7t
• Puerto Deseado: 5,983t
• Mar del Plata: 5,448.4t
• Caleta Paula: 3,163.2t
• Comodoro Rivadavia: 918.2t
• San Antonio West: 208.8t
• San Antonio East: 35.2t
• Other ports: 2,285.3t

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