The United States and Argentina on Wednesday entered an agreement to advance bilateral trade and investment between the two countries.
The United States and Argentina on Wednesday entered an agreement to advance bilateral trade and investment between the two countries.
The Trade and Investment Framework Agreement (TIFA) creates a forum for the United States and Argentina to engage on a range of bilateral economic issues, such as market access, intellectual property rights protection, and cooperation on shared objectives in the World Trade Organization.
U.S. Trade Representative Michael Froman said the TIFA agreement “provides a vehicle for strengthening U.S.-Argentina trade and investment relations at an important time,” further noting President Obama’s “strong interest” in boosting bilateral relations between the United States and various South American economies.
According to the Office of the U.S. Trade Representative, two-way trade in goods and services between the United States and Argentina reached $23 billion in 2014 (latest data available). The United States had a $5.4 billion goods trade surplus with Argentina in 2015.
U.S., Argentina to advance bilateral trade
