The Minister of Economy, Sergio Massa, announced that in 2023 the incremental export of automobiles and auto parts will not pay duties

The Minister of Economy, Sergio Massa, announced this Friday that in 2023 “all the incremental export of the automotive and auto parts sector will not pay withholding taxes”.

“We are going to lower taxes on the growth of Argentine exports”, said the Minister of Economy at a ceremony in El Palomar, to celebrate the departure of the 100,000th Peugeot 208 unit from the plant.

Massa also made public his commitment so that “the abandoned tip of Campo de Mayo is transformed into an industrial park”, besides urging to work on complementation between the Peugeot plant and the railroad, to be used for the transportation of the units produced.

Massa congratulated Rodrigo Pérez Graziano, vice-president for Argentina of the Stellantis Group, and the workers, represented by the general secretary of the UOM, Abel Furlan, for the effort involved in reaching the 100,000 units produced of the Peugeot 208.

“When you reach this number, you reach it because of an investment decision”, said Massa, after recalling that years ago it was said that “this was a sector that they said had no future in Argentina”.