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U.S. - Argentina Trade Cooperation


President Barack Obama waves as he heads toward Air Force One, accompanied by his daughter Malia at the international Buenos Aires airport, Argentina, early Friday, March 25, 2016.

“In less than 100 days, President Macri has demonstrated a remarkable and courageous commitment to policies that will strengthen Argentina’s investment climate."

“There are tremendous opportunities for the United States and Argentina to work together on a range of issues, including climate change, renewable energy, nuclear nonproliferation, counterterrorism, peacekeeping, and, of course, strengthening the economy in both countries,” said U.S. Secretary of Commerce Penny Pritzker.

Speaking at the signing, on March 28th, of a new Memorandum of Intent, or MOI, between the U.S. Department of Commerce and the Argentine Ministry of Production as part of President Obama’s trip to Argentina, Secretary Pritzker noted “our presence here this week is a testament to the potential we see for a stronger U.S.-Argentine commercial relationship.”

Signed by Secretary Pritzker and Argentine Minister of Economic Development Francisco Cabrera, this MOI establishes the U.S.-Argentina Commercial Dialogue. The Dialogue aims to strengthen the economic and commercial ties between the two countries by fostering communication across our respective public and private sectors.

“In less than 100 days, President Macri has demonstrated a remarkable and courageous commitment to policies that will strengthen Argentina’s investment climate and take full advantage of the country’s tremendous human and natural resources,” said Secretary Pritzker.

“Reigniting Argentina’s economy will be a challenging and lengthy process,” she said, “but President Macri and his team are off to an impressive start. Given time, this difficult path will yield investments – both foreign and domestic – which means new jobs and opportunity for the people of Argentina.”

The U.S.-Argentina Commercial Dialogue, announced by Minister Cabrera and Secretary Pritzker will focus on removing barriers to trade and identifying new commercial opportunities. It will help the U.S. deepen our understanding of Argentina’s priorities and focus on identifying pragmatic steps the two governments can take to promote economic prosperity and build brighter futures for our peoples.

“Our goals are to support President Macri’s efforts to open up Argentina’s economy, strengthen the commercial ties between our two countries, and create opportunity for both our peoples,” said Secretary Pritzker. “I feel confident saying that the burgeoning relationship between President Macri and President Obama is setting us on a path of cooperation and prosperity.”

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