Jamieson Greer, Pablo Quirno Sign U.S.-Argentina Trade Deal
The agreement signed Feb. 5 cuts tariffs on hundreds of products and expands U.S. beef imports to 100,000 tons a year.
Overview
U.S. Trade Representative Jamieson Greer and Argentine Foreign Minister Pablo Quirno signed a trade and investment agreement in Washington on Feb. 5, the USTR said.
Argentina will scrap trade barriers on more than 200 categories of U.S. goods and the United States will remove reciprocal tariffs on 1,675 Argentine products, officials said.
President Javier Milei hailed the pact as proof Argentina is open for investment, while U.S. ranchers and some lawmakers warned the enlarged beef imports will hurt domestic producers, according to statements.
The deal quadruples U.S. low-tariff Argentine beef access to 100,000 tons per year and is expected to boost Argentine export revenue by over $1 billion, U.S. and Argentine officials said.
The agreement will go to Argentina's National Congress for consideration and includes commitments to accept U.S. safety standards, open poultry within a year and review steel and aluminum tariffs, the USTR said.
Analysis
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FAQ
The deal quadruples U.S. low-tariff access for Argentine beef to 100,000 tons per year, expected to boost Argentine export revenue by over $1 billion.
Argentina will eliminate duties on over 200 U.S. items, including machinery, transportation equipment, medical devices, chemicals, motor vehicles, IT products, and agricultural goods.
The U.S. will remove reciprocal tariffs on 1,675 Argentine products and maintain a 10% tariff ceiling, while expanding tariff-rate quotas for beef.
Argentina will accept U.S. safety standards for vehicles, medical devices, meat, and poultry; modernize customs; avoid digital services taxes on U.S. firms; and cooperate on duty evasion and national security.
History
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