the American Chamber of Commerce in Argentina (AmCham) He came out to support strongly New agreement On mutual trade and investment announced by the two countries. For the entity that collects More than 700 companiesThis understanding is “A strong sign of mutual trust” and a sample of the “Common Strategic Vision” for Argentina’s reintegration into Western economies.
It was stated in a statement by the chamber headed by: Mariana Chua (CEO of Aconcagua Energía Generación) stated that the move demonstrates that the country “possesses the necessary conditions to once again occupy a leading role in international trade.” They said that in a “fragmented and uncertain” global context, the agreement with the world’s main economy and importer “It puts Argentina in a favorable position.”
The entity stressed that the agreement is “consistent with the global reshaping of value chains” and trends “Close to the beach“(close production) and”“Friendship” (Alliance with friendly countries) promoted by the United States. According to the US Chamber of Commerce, this opens a “tangible opportunity” for the country to integrate into these new investment flows.
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The statement also highlighted the local impact of the understanding. The US Chamber of Commerce stressed that the potential elimination of tariff and bureaucratic barriers will not only improve export competitiveness, but will also allow… “Much lower costs for the Argentine consumer.”promoting growth.
For the Chamber, this framework will create “more favorable conditions for production, adding value to already existing chains and generating real employment opportunities.” The support provided by the US Chamber of Commerce is important: its partner companies, with More than 100 years in the countryIt contributes 24% of the gross domestic product and generates 45% of exports.
Labor reform, sanctions and taxes are among the main requests that North American companies make to the government to invest in Argentina
What’s in the agreement: From beef and patents to forced labor
The essence of the agreement announced The white house It is a mutual trade opening. Argentina will be given preferential access to sensitive US products e.g Medicines, machines, technology and cars. In return, Washington will eliminate tariffs on some Argentine pharmaceutical supplies and bilateral access to beef will be improved.
In order to lift trade restrictions, Argentina commits to withdrawing import licenses and gradually eliminating import licenses “statistical tax” For American goods. Additionally, in a key point, the country will accept US standards and certifications (such as those issued by the US Food and Drug Administration) without the need for additional evaluations, a historic claim.
The agreement also includes chapters on intellectual property, Take measures against counterfeiting and improve the patent system, which is a sensitive point for laboratories. On the digital level, Argentina will recognize the United States as a ““Appropriate jurisdiction” To transfer data.
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