The leaders also discussed President Macri’s economic reform agenda, opportunities for expanding trade and investment, science and technology cooperation, and U.S. support for building Argentina’s capacity to combat organized crime.
U.S.-Argentina Economic Relationship
Since taking office in December, President Macri has quickly implemented economic reforms to begin addressing economic imbalances and deepen Argentina’s integration with the global economy. To support those efforts, the two governments announced steps to bolster trade and investment, deepen cooperation at the G-20, and promote their shared G-20 objective of strong, sustainable, and balanced economic growth. Reflecting significant private-sector interest in Argentina, U.S. companies announced multibillion dollar investments that will help build upon the more than $20 billion in annual United States-Argentina trade. In the coming months, six trade delegations will help U.S. and Argentine businesses identify further opportunities. To address issues affecting firms in both countries, the Department of Commerce and Argentine Ministry of Production this year will host the inaugural meeting of the United States-Argentina Commercial Dialogue.
Trade and Investment Framework Agreement
Argentina and the United States signed a Trade and Investment Framework Agreement, which recognizes the essential role of trade and private investment, both domestic and foreign, in furthering growth and creating jobs. The agreement will facilitate dialogue on a broad range of issues, including intellectual property, market access, and cooperation on agricultural matters, as well as collaboration on shared objectives in the World Trade Organization and other multilateral fora. As major agricultural exporters, the United States and Argentina have committed to work together to expand global trade in agricultural products and combat non-scientific barriers to trade. This includes working to expand bilateral trade and resolve outstanding market access issues in agriculture and across the full range of products and services.