Argentina and US Rewrite Tariff Chapter in Trade Protocol
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
Argentina and the United States signed a protocol that rewrites the tariff chapter of the Agreement on Reciprocal Trade and Investment. This protocol replaces the tariff chapter and notes in the US tariff schedule that set how American duties apply to Argentine goods. Under the new wording, Washington grants Argentine goods the most-favoured-nation rate of duty. The rewrite was necessitated after the US Supreme Court struck down the emergency tariffs that underpinned the original February agreement.
From riotimesonline.com
Why it matters
The protocol opens Argentine markets to US goods and facilitates US investment in copper and lithium projects. This change is significant for American exporters and investors who benefit from the revised trade terms.
Argentina and Ecuador are implementing US trade agreements and seeking market access for US goods.
From riotimesonline.com
Who's involved
- ArgentinaCountry that signed the trade protocol with the United States.
- Pablo QuirnoArgentine Foreign Minister who signed the protocol.
- Javier MileiPresident of Argentina whose government will send the agreement to Congress for a vote.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Lundin MiningSpeculative
Lundin Mining could see increased investment and market access for critical minerals in Argentina.
- lithiumSpeculative
Lithium may benefit from the protocol opening Argentine markets to US investment in critical minerals.
- ArgentinaSpeculative
Argentina could see its markets opened to US goods and investment due to the tariff rewrite.
Keep exploring
The entities involved
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Argentina
country in South America
Related events
- The US and Argentina signed agreements on counternarcotics and child trafficking, enhancing bilateral security cooperation.
- Argentina and Mercosur are pursuing a comprehensive trade agreement, with Brazil being a major member of the bloc.
- Uruguay assumes the Mercosur presidency and CELAC leadership while navigating complex trade and diplomatic relationships with the US, China, and EU.
- A political figure urged a veto on Argentina's trade pact ambitions.
- A US official met with Argentine officials to discuss financing options.