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  HOME | Argentina

Argentina, US Reaffirm Commitment to Increase Bilateral Trade

BUENOS AIRES – Argentine President Mauricio Macro and US Vice President Mike Pence on Tuesday emphasized their joint commitment to increase bilateral trade relations after meeting in Buenos Aires on the latter’s first Latin American tour.

“When Latin America embraces economic reforms, Latin America succeeds and so does the United States,” Pence said.

“Argentina in many ways is an inspiration across this hemisphere and across the wider world” the US vice president added.

Pence went on to say at a joint press conference at the Olivos presidential residence on the outskirts of Buenos Aires that both administrations hoped that quick results are achieved in strengthening trade relations, particularly in agriculture.

He said that the two countries enjoy a very close relationship that can be made even solid.

Pence said that, under Macri’s leadership, Argentina can rely on the US to be a partner in bilateral trade, which – he noted – totals $27 billion annually, providing a “solid basis” for prosperity and for the two nations’ continued cooperation.

In addition, he said that the fact that Argentina is moving to a “market economy” and setting its sights on capital improvements will allow the country to create more jobs and lead to greater US investment there.

He also reiterated that the agricultural sector is the one offering the most possibilities for the two nations and, specifically, he pointed to the possibility of the Argentine market obtaininig access to “quality” US pork and announced that during his meeting with Macri they had discussed importing and exporting beef between the two countries.

Meanwhile, Macri said that intensifying trade relations with the US could bring “prosperity, jobs and development” and help to end poverty in Argentina.

“President Trump has reiterated the enormous affection he has for Argentina ... (and) that he believes it’s a country that has enormous potential and (he) wants to be part of that growth and development,” Macri emphasized.

According to an analysis released on Monday by the Argentine Trade and Services Chamber (CAC), the US is the country’s third largest trade partner, after only Brazil and China.

The report found that Argentine exports to the US increased by 11.4 percent during the first quarter of 2017 to a total of about $2.1 billion.

 

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