Trade and markets
 

Detail

Area
Paraguay
Commodity Group
Oilseeds, oils and meals
Commodity
Soybeans
Date
01/05/2013
Policy Category
Trade
Policy Instrument
Export tax
Description
Considered introduction of export taxation for soybeans, soyoil, soymeal and other grains.
Notes
PARAGUAY – soybean export taxation: A bill aimed at promoting domestic production of higher-value added soymeal and soyoil via differential export taxation has been voted down by the country’s Lower House after having passed the Senate (see also MPPU Dec’12). Reportedly, lawmakers were afraid that the powerful multinational companies controlling domestic crush and trade would pass on the extra cost to the small local growers, eventually discouraging domestic production. The draft bill had also contemplated taxation of wheat, maize and sunflower exports.