After months of negotiations, the administrations of President Donald Trump and President Javier Millay announced an agreement in July between the United States and Argentina to “deepen bilateral cooperation in trade and investment.” Buoyed by the ideological kinship between the two presidents (the same thing that led Republicans to give Mr. Milley an economic bailout recently), the proposed deal is actually a “milestone” for the trade deals that will still be needed.
The announcement, first disseminated by Casablanca, included the removal of agricultural and non-agricultural barriers, opening of markets, and regulatory adjustments in several industries, livestock, agriculture, mining and other sectors. It details a number of concessions in Argentina, but the U.S. response is subject to future and final definitions. Casa Rosada then issued its own declaration to ensure that increased beef exports were agreed.
Official communications known in Washington show that Trump and Milley “reaffirmed the strategic alliance” between the two countries, based on “shared democratic values and a shared vision of free enterprise, private initiative, and open markets.” In Buenos Aires, he stressed that Argentina “joins a select group of countries with commercial preferences, which means that they are deeply aware of Millei’s economic plans.”
The most definitive paragraph of the U.S. declaration states, “Argentina is granted preferential access to markets for merchandise exports from the United States, including certain pharmaceuticals, chemicals, machinery, information technology products, medical devices, automobiles, and a wide range of agricultural products.”
The same separate part of the document is given a subtitle customs duty (aranceles) details the only U.S. concession in the South American country. “The United States will eliminate reciprocal agreements regarding certain natural resources that are not available (within the EE UU) and unpatented items for pharmaceutical uses.” Additionally, Anade said, “It will enable us to proactively consider the impact of the agreement on national security, including considerations when adopting commercial measures.”
According to the EE UU document, the countries are committed to “improving the conditions of bilateral and mutual access to livestock markets.” The South American country will open its market for “American live cattle” and allow “access to the American poultry market” within a year. It also agrees not to “restrict market access to products that use sectarian cheese or meat.”
There is another emphasis in Argentina’s statement. “It has been agreed to significantly expand access for Argentine beef to the U.S. market, and we are working together to remove Arancellaria barriers to bilateral agricultural trade,” he said. Differences between documents can be determined by each government distributing documents to avoid internal conflicts and to avoid internal conflicts. Once the formal details of the agreement are known, doubts will be dispelled.
An important aspect of this agreement is that Argentina will relinquish its responsibility for quality control in industries such as pharmaceuticals, food, and automobiles without any consideration. “Argentina allows the import of U.S. products that comply with applicable U.S. or international standards without additional compliance assessment requirements and continues to eliminate branch barriers affecting trade in priority sectors,” Casablanca’s statement said.
The document also has a section dedicated to commercial considerations and opportunities, where a key question is mentioned: “Argentina and the United States will cooperate to facilitate investment and trade in critical minerals, especially lithium. The two countries also agree to work to stabilize the global soybean trade.” In soybean production, the Argentine and American economies are competitive, and their largest customer is China. Together with the Asian giants, the EE UU is fueling geopolitical control of the world, and its expansion in South America is a casillero on the public table.
The document concludes by stating that the Trump and Milley administrations will “work expeditiously to finalize the text of our agreement.” The two presidents are expected to meet to formalize the deal.
During a visit to the Corrientes province, 900 kilometers from Buenos Aires, in July, Millay mentioned “amazing news” and said that although it had not yet been announced, “a bilateral trade agreement with the United States has just been signed (…) We are determined to make Argentina great again.” Argentine signatory Pablo Quirno, who met in Casablanca to promote the agreement, believed that “this agreement creates conditions for increased EE UU investment in Argentina and includes tariff reductions in key industries that will expand bilateral trade between the two countries.”
Thanks to his unconditional alliance with President Trump, Milley has previously envisaged a global Republican advance policy on trade to apply a 10% reciprocal tariff on Argentine products, a universal advance that the United States applied this year. Just a few weeks ago, US government financial support became key to sustaining Milais’ economic plans ahead of the midterm elections that imposed ultra-derelict policies. And you played a similar role in April when the IMF approved a loan to Argentina. In July of this year, government leaders held several celebratory events following the announcement of this landmark agreement. “Less Aransels, more markets, more freedom,” he praised the new chief of staff, Manuel Adorni.
About The Author
