Argentina and the US Announce Framework Agreement

Argentina and the United States announced a framework agreement on trade and investment on November 13, 2025, through a joint statement. This agreement lays the foundation for negotiating a final comprehensive agreement, which would include improved market access, the elimination of tariffs and non-tariff barriers, and greater predictability for investors.
 

As this is a preliminary framework, the final text and its implementation remain pending. However, according to the joint statement, the main elements of the definitive agreement would include:
 

• Preferential access to US products (pharmaceuticals, chemicals, machinery, ICT products, medical devices, motor vehicles, and agricultural goods).
• US elimination of tariffs on certain natural resources and non-patented products used in pharmaceutical applications.
• Removal of non-tariff barriers and the statistical fee applicable to US products.
• Improved conditions for bilateral trade in beef, poultry, and pork.
• Reforms to Argentina’s Intellectual Property regime and measures against counterfeiting and piracy.
• Argentina’s assumption of various commitments, including:
   

(i) prohibiting the import of goods produced with forced labor,

(ii) adopting measures to fight illegal logging and promote sustainability,

(iii) addressing potentially distortive actions by state-owned enterprises and industrial subsidies,

(iv) facilitating digital trade with the US.

• Cooperation to fight market-distorting practices.
   

In this context, the framework agreement represents a strategic step toward a deeper bilateral relationship, opening new opportunities for economic integration with direct implications for companies and investors.