BUENOS AIRES – Argentine and U.S. officials on Monday met in this capital to discuss a broad spectrum of trade and investment topics, along with bilateral cooperation in various areas including agricultural biotechnology and coinciding interests in multilateral organizations.
This was the first meeting of the advisory committee of the bilateral framework agreement on trade and investment signed in March during U.S. President Barack Obama’s state visit to Argentina.
The meeting was attended by Argentine Foreign Minister Susana Malcorra, Production Minister Francisco Cabrera and U.S. trade representative Michael Froman.
According to a joint communique issued by the Argentine Production Ministry, the two countries discussed “a broad spectrum of trade and investment issues,” including the reinsertion of Buenos Aires into the Generalized System of Preferences, from which it was suspended in 2012.
In addition, progress in allowing the entry of Argentine products such as citrus and meat into the U.S. market was discussed, but U.S. access to the Argentine market for assorted products was also dealt with.
Meanwhile, information was exchanged on international trade negotiations involving both countries.
The United States congratulated Argentina on being selected as the host country for the December 2017 World Trade Organization’s Ministerial Conference.
The two nations agreed to establish a Forum on Innovation and Creativity for Economic Development as a space for exchanging ideas and practices to promote production and economic development.
The next ministerial council meeting is scheduled to take place in 2017 in Washington.
“In this new phase of dialogue and exchange, we’re consolidating a true bilateral trade relationship to attract investment to generate more and better jobs for Argentines,” said Cabrera after the meeting in remarks released by the two Argentine ministries involved.
Meanwhile, Malcorra said that it was an “excellent meeting” at which the parties were able to discuss “all the issues on the agenda.”