Washington DC, February 6 (ANI): United States Trade Representative Jamieson Greer and Argentina’s Minister of Foreign Affairs, International Trade, and Worship Pablo Quirno signed the U.S.-Argentina Agreement on Reciprocal Trade and Investment.
The deal covers medicines, motor vehicles, machinery and agricultural goods. The U.S. Trade Representative said the agreement deepens the economic partnership while removing red tape for American farmers and ranchers and secures significant market access for U.S. agricultural and industrial exports.
Designed to cut or eliminate tariff and non-tariff barriers, the agreement aims to facilitate trade in goods and services, modernize customs procedures and promote investment in strategic sectors including energy, critical minerals, infrastructure and technology, Argentina’s Office of the President said. The deal builds on a framework trade agreement first reached on November 13.
Under the pact, Argentina agreed to accept U.S. safety and regulatory standards for imported goods, including standards for automobiles and medical devices, and to recognise U.S. 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 U.S. technology companies, according to the USTR.
Agriculture provisions include Argentina’s commitment to open its market to U.S. poultry and poultry products within a year and to simplify regulatory requirements for U.S. exporters of beef and pork. Argentina also agreed not to restrict U.S. exporters’ use of certain cheese names — including asiago, feta and camembert — which the European Union treats as geographic indications limited to their producing regions, Fox News reported. (ANI)
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