Statement

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.