Core Viewpoint - The Argentine government has temporarily eliminated export withholding taxes on agricultural products such as grains, beef, and poultry to alleviate foreign exchange pressure and stimulate exports, a move that is expected to last until October 31 or until export declarations reach $7 billion [1][4]. Group 1: Economic Impact - The removal of withholding taxes is expected to significantly reduce the tax burden on key agricultural exports, with current export duties on soybean meal and oil at 24.5%, soybeans at 26%, and corn and wheat at 9.5% [2]. - Analysts estimate that this measure could lead to a $1.4 billion reduction in government tax revenue, equivalent to 0.2% of GDP [2]. - The policy is anticipated to lower costs by $123.7 per ton for soybeans and $29.2 per ton for corn, potentially boosting export activity [3]. Group 2: Market Reactions - Following the announcement, soybean and corn prices experienced declines, with Chicago soybean meal futures dropping by 1.9% and soybean oil futures by 2.5% [6]. - The Rosario Grain Exchange forecasts record grain exports of 105.1 million tons for the 2025/26 season, driven by a strong harvest [5]. Group 3: International Trade Dynamics - China has increased its purchases of Argentine soybeans following the tax removal, with reports indicating at least 10 shipments ordered, each approximately 65,000 tons [7]. - This shift in trade dynamics may negatively impact U.S. soybean farmers, who are facing competition from South American producers amid stalled trade negotiations with China [7]. - The Argentine government is seen to be pragmatically enhancing trade relations with China, which could lead to deeper economic cooperation in agricultural exports [8].

波黑国家台8月3日报道。波黑国际大电网委员会（CIGRE）主席齐亚德·巴伊拉莫维奇表示，波黑 确立《电力监管机构、传输与市场法》标志着波黑向融入欧盟统一能源市场迈出重要一步。该法履行了 波黑部分国际义务，为发展竞争性电力市场开辟空间，并将增强能源系统安全性与可靠性。 （原标题：u200b波黑通过《电力监管机构、传输与市场法》，有望一年内融入欧洲内部电力市场） 此外，组建电力交易所并接入区域市场是波黑最终获得欧盟碳边境调节机制（CBAM）豁免的关键 条件之一，即国家立法必须落实欧盟关于有组织电力市场运作及市场互联的核心条款，并在技术和组织 层面完成实施。不过巴伊拉莫维奇也指出，此法还存在不足之处：天然气领域被排除在外。 据悉，波黑部长会议已于7月24日通过标有"EI"（符合欧盟标准）认证的《电力监管机构、传输与 市场法》草案。该法案获能源共同体秘书处支持，将按紧急程序提交波黑议会审议，且已获得波黑联 邦、塞族共和国和布尔奇科特区政府的一致认可。（驻波黑使馆经商处） 该法律将带来系列战略效应，包括市场自由化、促进竞争与投资、强化监管框架。其中建立电力交 易所（作为有组织市场的运营商，充当电力买卖双方之间的缔约方） ...