US President Donald Trump and Argentine President Javier Millei promoted a new trade and mutual investment agreement that would redefine bilateral economic relations between the two countries, but the first hours of its announcement generated more doubts than convictions. At least that’s what Internet users who appeared in response to the White House post said on the network: “And what are the benefits for Argentina?” is asked.
US announces ‘historic’ trade deal with Argentina: details
in Official communications shared from the White House it is established Understanding seeks to develop the market, Remove barriers, align standards, foster strategic investment and modernize trade flows between the two countries. The White House and the Argentine government have already signed it and are working to bring it into force in the coming months.
Then it’s worth moving forward Contract point-by-point detailsat least this first reading of the Framework Agreement, has made clear its economic impact and the sectors most affected.
1) Tariffs: market opening and mutual reduction
Argentina offers priority access U.S. products such as pharmaceuticals, chemicals, machinery, technology, medical equipment, vehicles, and agricultural products.
US will eliminate tariffs Regarding certain unobtainable natural resources and items used in the pharmaceutical industry.
Washington will also assess the deal’s impact on national security in preparation for future decisions under the agreement. Article 232.
both countries agreed Improving mutual access to beefone of the most sensitive points for bilateral trade.
2) Elimination of non-tariff barriers
Argentina Abolition of import licenses and other restriction mechanismspromoting the entry of American products.
commit to No embassy formalities required For US export
The country too Phase out status rates For US products.
3) Standards and conformity assessment: Argentina is aligned with international standards
*Entry of conforming products from the United States American or international technical standardsno additional evaluation.
Argentina accepts:
– american vehicle Compliant with US safety and emissions standards
–fda certificate (U.S. Health Agency) medical devices and drugs.
*We will continue to delete it in the future. non-tariff barriers In priority areas.
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4) Intellectual property: Strengthening counterfeit product management
* Argentina took action against perceived regional markets for counterfeit goods and promises. Strengthen the fight against piracyeven in a digital environment.
* Work to address the structural issues pointed out in Special 301 report:
– Patentability criteria;
– delays at the patent office;
– Geographical indications.
– Move towards a more consistent system. international intellectual property standards.
5) Agribusiness: Increased access to American food.
– Argentina opened its market live cow from america
– can now be entered. poultry meat Americans within a period of up to one year.
– We do not impose any restrictions on the products you use. Specific cheese and meat terms.-
This will simplify the registration of beef, by-products and offal, and pork.
There is no need to register your business. dairy products from america
A two-way channel is created to resolve non-tariff barriers With food.
6) Labor: Prohibition of importing goods produced through forced labor
– Argentina reaffirms the following protections: international labor rights.
– We will hire explicit prohibition Prohibition on importation of forced labor or goods produced by forced labor.
– Strengthen labor law supervision.
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7) Environment: Addressing illegal logging and critical minerals
– Argentina is illegal logging.
– A more resource-efficient economy will be promoted, particularly in the following areas: important minerals.
– Apply fully. Fisheries subsidy agreement WTO.
8) Economic Security: Cooperation against distortive practices of third countries
– Both countries will coordinate actions on: Non-market-based trade policy.
They will develop common tools to:
export regulations,
safety of investment,
avoidance of customs duties;
and other sensitive activities.
9) Trade and investment in important minerals
Argentina and the US will cooperate promote investment Lithium, copper and other strategic minerals.
They also Stabilize the world soybean tradeis an important sector of Argentina’s countryside.
10) State-owned enterprises and subsidies
Argentina promises review and restrictions Distortive behavior of state-owned enterprises.
I will also evaluate industrial subsidies Business relationships may be affected.
11) Digital commerce: data flows and electronic signatures
Argentina would recognize the United States as appropriate jurisdiction For the transfer of personal data.
U.S. digital platforms, services, and digital products may not discriminate.
recognized as valid. electronic signature Recognized under U.S. law.
What is expected to happen in the next few days
The United States and Argentina will act quickly. complete the textsign and complete internal procedures for entry into force.
Additionally, we review its implementation through:
– he trade and investment framework agreementand
– he Innovation and Creativity Forum for Economic Development.
Appearances to share
Here’s the full score for his account:
– Argentina provides preferential market access for U.S. exportsThis includes certain pharmaceuticals, chemicals, machinery, information technology products, medical equipment, automobiles, and a wide range of agricultural products.
– intellectual property: Argentina has taken action against an important and notorious regional market for counterfeit goods and will continue to strengthen its crackdown on counterfeit and pirated goods, including in the digital environment.
– toArgentina and the United States will work together to promote investment and trade in critical minerals.
-TThe two leaders also agreed to work to stabilize global soybean trade.
– Argentina committed to facilitating digital commerce with the United States by recognizing the United States as the appropriate jurisdiction under Argentine law for cross-border transfers of data, including personal data.
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