Joint Statement on Framework for a United States-Argentina Agreement on Reciprocal Trade and Investment

President Donald J. Trump and President Javier Milei reaffirm the strategic alliance between the United States of America (United States, or U.S.) and the Argentine Republic (Argentina), grounded in shared democratic values and a common vision for free enterprise, private initiative, and open markets.

In pursuit of a stronger, more balanced economic partnership, the United States and Argentina have agreed to a Framework to deepen bilateral trade and investment cooperation. This Framework for an Agreement on Reciprocal Trade and Investment (Agreement) seeks to drive long-term growth, expand opportunity, and create a transparent and rules-based environment for commerce and innovation.

The outcome reflects the countries' shared ambition and values, and builds on actions Argentina has already taken to modernize its trade and investment regime and foster reciprocal conditions.

Key elements of the deal will include:

• Tariffs: The countries will open their markets to each other on key products. Argentina will provide preferential market access for U.S. goods exports, including certain medicines, chemicals, machinery, information technologies products, medical devices, motor vehicles, and a wide range of agricultural products. In recognition of Argentina's ambitious reform agenda and its trade commitments, and consistent with Argentina's compliance with relevant supply chain and economic security requirements, the United States will remove the reciprocal tariffs on certain unavailable natural resources and non-patented articles for use in pharmaceutical applications. In addition, the United States may positively consider the effect that the Agreement has on national security, including taking the Agreement into consideration when taking trade action under Section 232 of the Trade Expansion Act of 1962, as amended (19 U.S.C. 1862). Furthermore, the countries have committed to improved, reciprocal, bilateral market access conditions for trade in beef.

• Elimination of Non-Tariff Barriers: Argentina has dismantled many non-tariff barriers that restricted access to its market, including import licensing, ensuring a more level playing field for international trade, and with this Agreement has committed not to require consular formalities for U.S. exports to Argentina. Argentina will also phase out the statistical tax for U.S. goods.

• Standards and Conformity Assessment: Argentina is aligning with international standards in sectors to facilitate trade. Argentina will allow U.S. goods that comply with applicable U.S. or international standards, U.S. technical regulations, or U.S. or international conformity assessment procedures to enter Argentina without additional conformity assessment requirements, and will continue to eliminate non-tariff barriers that affect trade in priority areas. Argentina will accept importation of vehicles manufactured in the United States to U.S. Federal Motor Vehicle Safety Standards and emissions standards, and will accept U.S. Food and Drug Administration certificates and prior marketing authorizations for medical devices and pharmaceuticals.

• Intellectual Property: Argentina has taken action against a major, notorious, regional market for counterfeit goods and will continue to improve enforcement against counterfeit and pirated goods, including in the online environment. Argentina has also committed to address structural challenges cited in the Office of the United States Trade Representative's 2025 Special 301 report, including patentability criteria, patent backlog, and geographical indications, as well as to work towards aligning its intellectual property regime with international standards.

• Agricultural Market Access: Argentina has opened its market to U.S. live cattle, committed to allow market access for U.S. poultry within one year, and agreed not to restrict market access for products that use certain cheese and meat terms. Argentina will simplify product registration processes for U.S. beef, beef products, beef offal, and pork products, and will not apply facility registration for imports of U.S. dairy products. The United States and Argentina intend to work together to address non-tariff barriers affecting trade in food and agricultural products.

• Labor: Argentina has reaffirmed its commitment to protect internationally recognized labor rights. In addition, Argentina will adopt and implement a prohibition on the importation of goods produced by forced or compulsory labor and strengthen enforcement of labor laws.

• Environment: Argentina has committed to take measures to further combat illegal logging; encourage a more resource efficient economy, including in the critical minerals sector; and fully implement the obligations of the World Trade Organization (WTO) Agreement on Fisheries Subsidies.

• Economic Security Alignment: Argentina will enhance cooperation with the United States to combat non-market policies and practices of other countries. The two countries have also committed to identifying tools to align approaches to export controls, investment security, duty evasion, and other important topics.

• Commercial Considerations and Opportunities: Argentina and the United States will cooperate to facilitate investment and trade in critical minerals. The two countries also agreed to work toward stabilizing the global soybean trade.

• Confronting State-Owned Enterprises and Subsidies: Argentina has committed to address potential distortionary actions of state-owned enterprises and to address industrial subsidies that may have an impact on the bilateral trading relationship.

• Digital Trade: Argentina has committed to facilitating digital trade with the United States by recognizing the United States as an adequate jurisdiction under Argentine law for the cross-border transfer of data, including personal data; and by refraining from discrimination against U.S. digital services or digital products. Argentina also intends to recognize as valid under its law electronic signatures that are valid under U.S. law.

The United States and Argentina will work expeditiously to finalize the text of the Agreement for signature and undertake their respective domestic formalities in advance of the Agreement entering into force.

The countries will review implementation of the Agreement and continue close coordination on trade and investment matters through the Trade and Investment Framework Agreement, and the Innovation and Creativity Forum for Economic Development.