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US-Argentina Trade Deal Opens Agri Markets, Cuts Red Tape for Exports

The United States and Argentina have signed a reciprocal trade and investment agreement to deepen their economic partnership. The deal secures significant market access for U.S. agricultural and industrial exports, including machinery and vehicles. It aims to eliminate trade barriers, modernize customs, and promote investment in sectors like energy and critical minerals. Argentina has also agreed to recognize U.S. safety standards and open its market to American poultry and certain dairy products.

Key Points: US-Argentina Trade Deal: Market Access for Agri, Machinery

  • Opens Argentina's market to US poultry
  • Cuts tariff and non-tariff barriers
  • Recognizes US safety standards for imports
  • Bars digital services taxes on US tech
2 min read

US inks deal with Argentina allowing it access to agri market, machinery

US and Argentina sign reciprocal trade agreement, securing market access for American agricultural goods, machinery, and cutting tariffs.

"deepening our economic partnership while removing red tape for American farmers and ranchers - US Trade Representative"

Washington DC, February 6

United States Trade Representative Jamieson Greer and Argentina's Minister of Foreign Affairs, International Trade, and Worship, Pablo Quirno signed the US-Argentina Agreement on Reciprocal Trade and Investment.

The deal covered medicines and motor vehicles to machinery and agricultural goods.

In a post on X, the US Trade Representative said, "Ambassador Greer joined Argentina's Minister of Foreign Affairs, International Trade, and Worship Pablo Quirno in signing the U.S.-Argentina Agreement on Reciprocal Trade and Investment, deepening our economic partnership while removing red tape for American farmers and ranchers."

"From medicines and motor vehicles to machinery and agricultural goods, the U.S.-brokered deal with Argentina secures significant market access for U.S. agricultural and industrial exports," it further said.

The agreement, which was signed on Thursday, is designed to cut or eliminate tariff and non-tariff barriers, facilitate trade in goods and services, modernize customs procedures and promote investment in strategic sectors including energy, critical minerals, infrastructure and technology, according to Argentina's Office of the President, Fox News reported.

The deal builds on a framework trade agreement first reached November 13.

Argentina also agreed to accept US safety and regulatory standards for imported goods, including standards for automobiles and medical devices, and to recognise US Department of Agriculture (USDA) food safety standards for meat and poultry imports.

The agreement bars Argentina from imposing customs duties on cross-border data transmissions and includes a commitment not to introduce a digital services tax targeting US technology companies, according to the USTR.

Agriculture provisions include a commitment from Argentina to open its market to US poultry and poultry products within a year and to simplify regulatory requirements for US exporters of beef and pork, Fox News reported.

Argentina also agreed not to restrict US exporters' use of certain cheese names -- including asiago, feta and camembert -- which the European Union labels geographic indications only available to their producing regions, as per Fox News.

- ANI

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Reader Comments

S
Shreya B
The part about cheese names is a direct challenge to EU's GI protections. If US can get Argentina to ignore 'asiago' or 'feta' as EU-only, it sets a precedent. India has many GI products like Darjeeling tea or Basmati rice. We must protect our own interests fiercely.
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Aman W
"Removing red tape for American farmers" – that's the key phrase. Every country wants easier access for its exports. But when will Indian farmers get such favorable deals? Our agricultural exports face so many non-tariff barriers abroad. 🇮🇳
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Priyanka N
The digital services tax clause is telling. US is protecting its tech giants globally. India has also been looking at such taxes. It shows the immense bargaining power the US has. Smaller economies often have to concede on digital sovereignty for market access.
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David E
While the deal seems comprehensive, I hope Argentina has secured good terms for its own industries too. Accepting US safety standards wholesale can sometimes hurt local manufacturers who can't comply as easily. A balanced agreement is crucial for long-term partnership.
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Karthik V
Machinery and critical minerals access for the US is a big win. With the global supply chain shift, securing raw materials is key. India should also aggressively pursue similar partnerships in Latin America for energy and tech sectors. Time to be proactive!

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