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.