Argentina’s bottled wine exports fell by 6%, and wine merchants demanded the suspension of export withholding tax
By: Date: 2022-07-27 Categories: Internationalfood Tags: ,
Argentina’s”financial circles” reported on July 19 that according to the data released by the National Institute of viticulture, the export volume of bottled red wine in Argentina fell to 100.9 million liters from January to June 2022, a year-on-year decrease of 6%, after three consecutive years of growth from 2018 to 2021; The export volume in the same period was 387.1 million US dollars, a year-on-year decrease of 1.1%. According to the report, the Afghan government’s implementation of import and export restrictions, domestic inflation, parallel exchange rates and other factors have had a negative impact on Afghan wine exports. Trapped by insufficient supply of basic materials and increased production costs, the Argentine wine chamber of Commerce recently asked the government to suspend the collection of export withholding tax on bottled wine exports