Milei's government provided details about the trade agreement with the United States

Milei's government provided details about the trade agreement with the United States
Javier Milei and Donald Trump
porEditorial Team
Argentina

The treaty includes investment commitments and the elimination of tariffs for 1,675 Argentine products

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The Government of Javier Milei detailed the scope of the trade agreement reached between Argentina and the United States, in a press conference led by the Chief of Cabinet, Manuel Adorni, together with Foreign Minister Pablo Quirno, at Casa Rosada.

During the announcement, the officials emphasized that the understanding must be approved by Congress and highlighted that it marks a turning point in the bilateral relationship, with a direct impact on regional economies and the country's productive fabric.

When opening his presentation, Adorni stressed the political and strategic value of the agreement within the framework of the foreign policy promoted by President Javier Milei. “This agreement shows and consolidates our regional leadership and is the result of the diplomatic efforts of this administration”, he stated.

Manuel Adorni, jefe de Gabinete.
Manuel Adorni, jefe de Gabinete.

In that regard, he explained that the treaty includes investment commitments, preferential access to the U.S. market for various industries, and the elimination of reciprocal tariffs for 1,675 Argentine products.

The official emphasized the magnitude of the market that Argentine companies will access as a result of this agreement. According to what he pointed out, “a new and enormous market for our companies” is opening up, which covers “more than 340 million people”. At the same time, he stated that the impact will not be only on exports, but will also be reflected in “more and better products for our consumers”.

Regarding the sectors covered, Adorni detailed that the agreement includes a reciprocal opening of the livestock sector and highlighted that Argentina “could quintuple its meat exports”, with direct effects on livestock provinces, including Buenos Aires. He also indicated that Formosa, Misiones, Chaco, Corrientes, and Entre Ríos will be in a position to export forestry and floriculture products without tariff barriers.

The Chief of Cabinet also highlighted the benefits for domestic industry, particularly for sectors linked to the production of medicines and medical supplies, which will be able to enter the U.S. market.

El acuerdo entre Argentina y Estados Unidos.
El acuerdo entre Argentina y Estados Unidos.

According to what he stated, this enables high value-added exports and benefits provinces such as Córdoba and Santa Fe. Provinces with mining activity are added to this framework, including Santa Cruz, San Juan, Mendoza, Jujuy, Salta, and Catamarca, which will also be covered by the agreement.

When summarizing the scope of the understanding, Adorni stated: “In short, it is an agreement for the twenty-four Argentine provinces and the forty-seven million citizens that this country has”. He also stated that the agreement “consolidates our position of regional leadership” and defines a clear course based on “capitalism and free trade”.

In another part of his presentation, the official contrasted this agreement with decisions adopted in previous stages of Argentine foreign policy and recalled the rejection of the FTAA. “We saw what consequence this had for our country: twenty years of economic stagnation, lack of investment, and increased poverty”, he expressed.

Finally, he questioned the international ties of previous governments and stated that the country went from “signing a pact of impunity with the Islamic Republic of Iran to signing a free trade agreement with the world's leading power”.

The agreement provides for the elimination of tariffs for 1,675 products, which will make it possible to reactivate exports estimated at USD 1.013 billion. In turn, Argentina will reduce or lift tariffs for 221 tariff lines, will apply a 2% rate to twenty categories, mostly auto parts, and will establish quotas for automobiles, meat, and agricultural products.


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