Argentina has repealed a decades-old ban on livestock shipments to revive its export industry, responding to a policy of economic freedom advocated by the Milei administration. While it is already a significant exporter of frozen beef, the country faces challenges with a shrinking global livestock fleet struggling with age and inactivity.
Argentina has lifted the 1973 ban on livestock shipments, allowing the country to resume livestock exports after a 52-year hiatus. This decision stems from the policies of the Javier Milei administration, which aims to foster an economic environment based on free decisions and competition while respecting private property and constitutional principles related to the free movement of goods, services, and labor.
Renowned as a leading exporter of frozen beef, Argentina’s Agriculture, Livestock, and Fisheries Secretariat has stated that the meat industry plays a crucial role in the nation’s economic development. Despite recent global trends toward restricting live animal transport, Argentina is positioning itself to capitalize on this revived sector.
The global fleet for livestock exports is dwindling, with just over 100 vessels currently operational; many have been idle for some time. The oldest ship still active celebrated its 60th anniversary last year, indicating that the average age of livestock carriers has reached an advanced 39 years.
In summary, Argentina’s repeal of the 1973 livestock export ban signals a strategic move to revitalize its meat industry and strengthen its economy. While the global shipping industry faces challenges, Argentina’s renewed commitment to livestock trading may enhance its standing in the meat export market and stimulate economic growth.
Original Source: splash247.com
