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Argentine Ambassador Defends U.S. Trade Framework as Provinces, Industry Split

The deal remains at the joint‑statement stage pending a signed framework that would trigger detailed negotiations.

Overview

  • Ambassador Alec Oxenford argued the initiative signals stability and investor confidence and called opposition claims of harm to Buenos Aires Province “absurd.”
  • Oxenford highlighted beef as an early beneficiary and suggested exports to the U.S. could rise from roughly 20,000 to about 80,000 tonnes a year, while noting final figures are not yet public.
  • Officials said the process is staged, moving from the joint statement to a signed framework and then to itemized concessions, quotas, and regulatory commitments.
  • Business reactions diverged as AmCham welcomed the move, the Argentine Chamber of Commerce urged caution until texts appear, importers hailed a “milestone,” and SME manufacturers warned about weak competitiveness.
  • Provincial responses varied, with La Rioja’s governor calling the understanding unacceptable, Santa Fe officials praising the improved business climate, and others reserving judgment until the ‘letra chica’ is released.