Brazil Beef Exports Record, Argentine Businesses Call for Tax Cuts

In 2024, Brazil's beef export industry ushered in unprecedented prosperity. Export volume surged by 26% to a record high of 2.89 million tons, and export revenue also climbed to US$12.8 billion, a year-on-year increase of 22%.This achievement has undoubtedly made an important contribution to Brazil's trade surplus, which reached 74.6 billion US dollars for the whole year.Roberto Perosa, president of the Brazilian Meat Export Industry Association (Abiec), expressed optimism, predicting that export performance in 2025 will continue to set new records.

Amid the export boom, China once again demonstrated its position as the biggest buyer of Brazilian beef, importing 1.33 million tons worth $6 billion for the year.The United States followed closely with imports of 229,000 tons worth $1.35 billion.The United Arab Emirates, the European Union, Chile and China Hong Kong are also important export markets for Brazilian beef, with imports from these regions showing a steady growth trend.It is worth noting that Brazilian beef export market diversification trend is obvious, the top 15 sales destinations accounted for more than 90% of the total sales volume, and compared with the previous year has increased, the export range covers 157 countries and regions.

But while brazil's beef exports are booming, argentina's corporate sector faces a tax burden.According to the Argentine Association of Self-Service Wholesalers and Distributors (CADAM), nearly half of every 1000 pesos consumers spend in stores is tax.The Chamber of Metallurgy also said that its average tax burden on ex-factory prices was as high as 32%, excluding VAT, which was more than twice that of Brazil and Mexico.

The high tax burden has become one of the most serious problems facing Argentina's domestic production, with 88 per cent of respondents expressing concern.Entrepreneurs are calling on the government to take quick steps to lower taxes to boost competitiveness with major competitors.Argentina's president mille promised during his election campaign to reform the country's tax system and reduce the number of taxes, but it will take time to achieve this goal.

Argentine business circles believe that now is the best time to achieve the goal of tax reduction.High taxes not only push up prices and weaken the competitiveness of domestic products, but also affect trade relations with neighboring countries.In order to improve the competitiveness of the country and promote economic growth, the Argentine government should take action as soon as possible to reduce the tax burden on enterprises and consumers.

All this contrasts with the boom in brazil's beef exports and calls for tax cuts from argentina's corporate sector.On the one hand, Brazil has continuously promoted the rapid development of beef export industry by expanding export market and improving product quality; on the other hand, Argentina is facing challenges such as excessive tax burden and declining competitiveness, which urgently needs government measures to solve.