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UIA Chief Tours Northern Provinces, Warns on High Rates Ahead of Sept. 2 Reform Plan

The industry group seeks provincial backing for microeconomic reforms to lower production costs.

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Overview

  • Martín Rappallini met the Unión Industrial de Tucumán and Governor Osvaldo Jaldo to hear concerns over stalled activity and financing pressures.
  • In Tucumán, business leaders flagged three priorities: protecting the 6% bioethanol quota from sugarcane, managing higher financing costs for the 2025 sugar harvest, and addressing textile strain linked to import openings.
  • The UIA delegation continued in Jujuy, where Rappallini met Governor Carlos Sadir, engaged local entrepreneurs, and toured Ingenio Ledesma.
  • Rappallini cautioned that elevated interest rates raise companies’ costs and risk slowing activity, calling for measures to reduce the price of credit.
  • He said the UIA will present a ten-point “Nuevo Contrato Productivo” in Córdoba on September 2 as a basis for a pact to boost efficiency through tax relief, labor modernization, better logistics, and a production-oriented financial system, while noting recent macro gains like lower inflation and a fiscal surplus.