Loading…
Loading…
Decreto 685/2025 is the meat-sector counterpart to the Milei administration's broader 2025 retenciones-reduction program (cf. Decreto 38/2025, which cut grain and oilseed export duties in January 2025, and the permanent cuts to beef/poultry duties enacted via Decreto 697/2024 and a further July 2025 round that brought the bovine rate from 6.75% to 5%). This decree takes the bovine and avícola (poultry) rate the rest of the way to 0%, and extends the same 0% treatment to porcine, caprine, and ovine meat and to live animals — covering 145 products across 98 NCM six-digit positions.
Unlike the parallel grain-duty relief, the meat measure carries no ceiling on the volume/value eligible for the 0% rate. The 90%-liquidation-within- three-days condition is the same FX-repatriation mechanism used across the 2025 retenciones program: the government is trading tariff revenue for faster dollar inflows into the (still capital-controlled, post-cepo- liberalisation) FX market.
The measure is explicitly temporary — the Boletín Oficial text sets the window at 24 September through 31 October 2025, after which the rate reverts to the standing 5% level absent further executive action.
timed to front-load FX liquidation is a macro-stabilisation lever as much as an agricultural-sector measure — watch for repeat use ahead of future FX-reserve stress points.
price/margin disadvantage in shared destination markets during the measure's effect.
enforcement mechanism riding on a tariff instrument — a pattern worth tracking across the rest of the 2025-26 Argentine deregulation stack.
entry lists an "implemented" date of 2025-11-01, which may reflect a later extension/renewal decree not yet identified — check for a follow-on Boletín Oficial act around that date before assuming lapse).
rates not confirmed individually in sourcing above) for precise tariff-delta quantification.