Argentina signs agreement with US, open market in exchange for tariffs relief

Argentina has signed a trade and investment agreement with the US whereby it will open its market to US products in exchange for relief from US tariffs on some Argentine exports. This was announced by Argentine Foreign Minister Pablo Quirno via social media, announcing the signing of a 'Reciprocal Trade and Investment Agreement'. The two countries had announced that they had reached a framework agreement on trade last November.

The Office of the US Trade Representative (OTR) published the final text detailing the main commitments made by the two parties. The understanding, the framework for which was set out at the end of November 2025, provides for a mutual reduction of tariff and non-tariff barriers, as well as the opening of markets for a number of products considered strategic.

According to the document, Washington will eliminate tariffs on 1,675 products of Argentine origin, while Buenos Aires will reduce or eliminate tariffs on more than 200 customs positions and commit to eliminating non-automatic import licences for goods from the United States.

The agreement includes chapters on agriculture, labour, environment, intellectual property, services and digital trade. A major chapter is reserved for critical minerals: Argentina intends to favour the United States as a partner for investments in lithium, copper and other strategic resources. The Milei government, Infobae reports, finally announced that the treaty will be sent to Parliament in the coming days for the ratification process.