of American Chamber of Commerce in Argentina (AmCham) came out to strongly support new contract Both countries announce mutual trade and investment. For those who connect Over 700 companiesthis understanding is “Strong signs of mutual trust” and a sample of a “shared strategic vision” to reintegrate Argentina into the Western economy.
In a statement, the chamber, chaired by mariana schauer (CEO of Aconcagua Energia Generación) said the move proves that the country “has the necessary conditions to once again play a leading role in international trade.” They argued that in a “fragmented and uncertain” global situation, agreements with the world’s major economies and importing countries were not important. “Argentina is in a good position.”
The group said the agreement is “consistent with the global reconfiguration of value chains” and that “nearshoring” (close production) and ““Friend shoring” Promoted by the United States (alliance with friendly countries). According to AmCham, this will open up “concrete opportunities” for the country to integrate into these new investment flows.
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The statement also emphasized the local impact of understanding. AmCham believes that the potential removal of tariffs and bureaucratic barriers will not only make its exports more competitive; “It will significantly reduce costs for Argentine consumers.”promotes growth.
For the chamber, this framework will “create more favorable conditions for production, add value to existing chains and create real jobs.” AmCham’s support is important. partner companies, in this country for over 100 yearscontributing 24% of GDP and generating 45% of exports.
Key demands from the government for North American companies to invest in Argentina include labor, penal and tax reforms
What’s in the deal: From beef and patents to forced labor
The core of the agreement announced by white house This is the start of mutual transactions. Argentina grants priority access to sensitive U.S. products such as: Pharmaceuticals, machinery, technology, automobiles. In return, Washington would eliminate tariffs on certain Argentine pharmaceutical supplies and bilateral access to beef would improve.
To lift the trade block, Argentina will withdraw import permits and commit to phasing out trade. “Statistical tax” Regarding American products. Additionally, and importantly, the country’s historic insistence on accepting U.S. standards and certifications (such as those by the FDA) without the need for additional evaluation.
This agreement also includes the following chapters: intellectual property, We are working on anti-counterfeiting measures and improving the patent system, which are sensitive issues for the research institute. On a digital level, Argentina would recognize the United States as .“Appropriate jurisdiction” For data transfer.
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