* Argentina’s economy ministry has announced “
incentives and benefits” to increase the volume of exports from the country’s automobile sector. The measures include tax relief that will see automobile businesses pay 0% duties on exports that exceed recorded foreign sales for 2020. Economy Minister
Sergio Massa tweeted that if the State, workers, and businesses worked together then “
the sector can generate a positive trade balance of US$400m.” An economy ministry statement underscored the importance of the automobile industry to Argentina’s economy, highlighting that its production increased by 69% in 2021.
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