Overview
- Both governments said in a joint communiqué they will work with celerity to finalize the text and complete domestic procedures before it can take effect.
- The framework covers tariffs, regulatory issues and intellectual property across goods, critical minerals and digital trade, and it is not a free‑trade treaty under Mercosur rules.
- Opposition lawmakers are pressing Foreign Minister Pablo Quirno to brief Congress, and officials acknowledge that provisions—especially on intellectual property—could require legislative approval.
- Implementation will be phased through technical and legal reviews, with key details still unresolved such as U.S. Section 232 duties on steel and aluminum and potential beef market access.
- President Javier Milei is promoting the deal as part of an open‑economy shift while Interior Minister Diego Santilli courts governors for support on labor, tax and budget reforms, as ruling allies organize toward 2027.