Overview

• Bodegas de Argentina, representing over 200 wineries, accuses Coviar of misusing USD 230 million in public and private funds since its creation in 2004.
• A federal audit by SIGEN revealed significant transparency issues, including missing financial audits, further fueling calls for accountability.
• Coviar’s PEVI 2020 plan fell short of its objectives, achieving only 3.7% of global wine volume and USD 791 million in exports, far below its 10% and USD 2 billion targets.
• Mandatory contributions to Coviar, amounting to 0.5% of production costs, are seen as an excessive burden on wineries facing declining consumption and exports.
• A repeal bill introduced by PRO deputy Damián Arabia, with growing legislative support, seeks to dismantle Coviar and eliminate its compulsory levies.