Washington–Trade and Investment Framework Agreement united states of america and Argentina Thursday’s announcement, celebrated with great fanfare by Javier Millay, was a long-awaited step for Argentine officials who have been involved in negotiations for months. More chapters to comeContains new definitions applicable to . donald trump administration.
A statement released by the White House emphasized that the two countries will continue to work together. “They will work quickly to finalize the text of the agreement for signature and implement corresponding internal procedures before it takes effect.”the doors opened to some people on Thursday question How trade agreements between the two governments will be implemented. “Long-term growth”.
like he knew nation Most of the items included in the framework agreement have been finalized, and more detailed developments and specifications have not yet been made public, according to people familiar with the negotiations. of Formal announcements regarding the implementation of each aspect of the agreement will be made in several parts over the coming weeks.not everything can be done in one day.
first of all, US and Argentina legal teams They must adjust each aspect of the contract to meet the following conditions: local law. If all goes well, the decision to announce each specific item will be in the hands of the owner. playing cardswho If it is determined that there is a political opportunity to decide on implementation, it will decide to implement it..
There is no clear time as to when the new announcement will be madeMeanwhile, the White House has struck deals with several countries in recent weeks. For example, yesterday in addition to Argentina, Agreements communicated with Ecuador, El Salvador, and Guatemala.
Two other possibilities arising from the defense team’s sophisticated analysis are that Congressional agreement is needed for implementation in certain cases, or that certain points need to be renegotiated.
Items listed in the framework agreement announced on Thursday (tariffs, elimination of non-tariff barriers, standards and conformity assessment, intellectual property, access to agricultural markets, collaboration on labor, environment and economic security, commercial opportunities, digital trade, state-owned enterprises and subsidies) This is an extensive chapter of the final agreementthe official pointed out.
The past few days Consultation from the Chamber of Companies exporting products to the United States to the Argentine Embassy in Washington Calls spiked around 4:15 p.m. Thursday, with people asking to know more about the deal and whether it would benefit them. (local time) The White House released an official statement.
The Secretary of State at the time was marco rubioand the Minister of Foreign Affairs of Argentina, Pablo Kirnowas meeting with officials at the State Department. The Secretary of the San Martín Palace also referred to the status of the trade agreement, emphasizing the following: Provides multiple opportunities for trade and investment. They also analyzed the sources of funding for strategic projects in Argentina.
One of the key points of the agreement between the United States and Argentina is that Probably not sealed yet Tariffs on Argentine exports. steel and aluminumreached today 50% And Argentina is aiming to reduce it. The government will temporarily eliminate withholding taxes on exports of these products to the United States until the end of the year, which will benefit the United States. Tekinto and alalbusinesses harmed by high tariffs imposed by Washington.
“The United States can look forward to the global implications of this agreement,” a White House statement said. national securityincluding taking into account the Agreement when taking trade measures based on the Agreement. Section 232 of the Trade Expansion Act of 1962This gives North American presidents the power to restrict imports that threaten national security.
For example, in 2018, President Trump invoked Section 232 to justify tariffs on steel and aluminum, arguing that global import gluts threatened U.S. industry and weakened America’s ability to meet national security needs.
Framework agreement expected by all relevant departments know the details– imply “Priority access to the US market Exports of goods including certain pharmaceuticals, chemicals, machinery, information technology products, medical equipment, automobiles, and a wide range of agricultural products.
Immediately after the White House statement Office of the United States Trade Representativeperson in charge jamison greerand other details. “The US also grants most-favored nation tariff preferential treatment. (MFN) applies to certain products included in the Potential Tariff Adjustment List for Affiliated Partners (Ptaap). Negotiations on market access for beef will end.”he pointed out.
The products included in the PTAAP list are products that President Trump intends to withdraw from with reduced or no reciprocal tariffs if the partner country reaches a trade agreement with the United States.
As LA NACION has learned, when it comes to meat, there is also uncertainty about how the agreement will be implemented. President Trump plans to quadruple Argentine meat imports (from 20,000 tons to 80,000 tons) aimed at lowering prices in the local market and easing the situation for US consumers. Strong criticism from Democratic lawmakers and North American livestock producers.
In fact, that domestic noise was one of the reasons for delaying the announcement of the framework agreement, which Argentine officials say had been virtually ready for several weeks but was not announced due to the following issues: timing Political. The framework agreement did not mention meat quotas for Argentina. For the North American market.
While attending the American Business Forum in Miami last week, Millay surprisingly “I thanked President Trump and the entire administration for reaching an agreement to allocate Argentine meat four times the previous amount,” he said..
The government had been in negotiations with the Trump administration since April 2 last year, also backed by the good rapport between the Republican president and Milley. “Liberation Day”the White House imposes varying levels of reciprocal tariffs on trading partners. Argentina, along with dozens of other countries, is one of the least affected; 10% of universal basic taxbeyond the specific case of some products.
“While other countries face high reciprocal tariffs, our country currently faces a basic tariff of 10% and has created a 0% tariff channel for products related to our country. As a strategic ally, it enjoys preferential treatment roughly equivalent to the special relationship enjoyed by the United States and the United Kingdom.”, the Minister of Deregulation and National Transformation highlighted in X regarding the framework agreement, federico starzenegger.
In a meeting Wednesday with key negotiating officials who met with former Prime Minister Gurría. Gerald VerteinKirno polished the final details of the framework agreement before its announcement. Argentine officials in Washington were overjoyed to hear from the White House.
“With this agreement, Increase US investment in Argentina This includes reducing tariffs on key industries and increasing bilateral trade between the two countries,” Kirno emphasized in X.
Meanwhile, in a meeting with Mr. Rubio, which was also attended by the Argentine ambassador in Washington, alec oxenfordand other diplomatic mission staff, Mr. Kirno said: Visa exemption expressed his intention. Facilitate and enhance the processstarted in July last year.
Kirno invited Rubio to visit Argentina. to advance and celebrate “High-level dialogue” It was established in 2024 by a memorandum of understanding signed by the then Prime Minister between the Department of Foreign Affairs and the Department of State. diana mondino and Secretary of State anthony blinken.
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