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Argentina and U.S. Seal Market-Opening Pact With Beef Quota Surge and Investment Pledge

Congressional ratification in Buenos Aires now determines when tariff cuts plus U.S.-backed mining and energy financing take effect.

Overview

  • The pact ends U.S. duties on 1,675 Argentine products, while Argentina removes tariffs on 221 lines and cuts 20 more to 2%.
  • Duty-free access for Argentine beef rises to 100,000 tonnes a year, a shift officials say could add roughly $800 million in exports.
  • Energy and mining are prioritized, with Argentina pledging U.S. partnership in critical minerals and financing support from EXIM and the DFC.
  • The executive will send the text to Congress for debate in March, and the agreement would take effect 60 days after legislative approval.
  • Producers in the north hail new opportunities but warn of domestic beef price pass-through, as opposition deputies move to question the foreign minister.