Luis Caputo explained the scope of a free trade agreement with the US and insisted that the competition will lower prices

Luis Caputo explained the scope of a free trade agreement with the US and insisted that the competition will lower prices

February 11, 2025 – 22:59

The Minister of Economy defended the possibility of negotiating a treaty with Washington. “It would be very important for the country,” he said.

The Minister of Economy, Luis Caputo, defended the possibility that Argentina advances in negotiations to achieve a Free Trade Agreement with the United Stateswithout breaking relationships with Mercosur. “It would be very important for the country”, He said and assured that the competition would allow the prices of the products.

The head of the Palace of Finance touched tonight about the real possibility of initiating discussions to agree on a bilateral treaty with Washington In commercial matters, one of the main objectives of President Javier Milei for his mandate. “For us, for the country it would be very important to reach an agreement with the United States. For all Argentine companies to have the possibility to export to a country as large as the US is an absolutely favorable thing,” he said.

In that sense, he recalled that two decades ago the country lost the possibility of signing a similar agreement with the failed free trade area of ​​the Americas (AUK), which had to start operating in 2005 but that was truncated before the refusal of the governments of Argentina, Venezuela, Brazil and Uruguay at the summit of the Americas of Mar del Plata. “At that time you missed a phenomenal business partner,” he recalled, but stressed that “the possibility is to win it now”.

At that time, one of the main criticisms of AUK came from Hugo Chávez, President of Venezuela, who claimed that it would put the economies of smaller countries at risk. Caputo denied that this was the case if progress is made with an agreement today. “It is not true that smaller countries are harmed. For countries like us it is extremely beneficial“He said during an interview with the Carajo streaming channel.

The Government will promote the flexibility of Mercosur to achieve a free trade agreement with the USA

Argentina is currently integrating the Mercosur commercial block, which, according to the minister, “has not been beneficial for Argentina.” The libertarian proposal is to advance “Flexibility so that bilateral agreements can be made. It does not imply breaking with Mercosur, but we are going to ask that it flexible.”

On the effects that, in your opinion, could generate in the real economy, Caputo He assured that the product competition would allow a drop in prices that reach the gondola. “We want to open ourselves to the world so that people have better products at better prices and generate competition. That is the idea,” he said.

On December 10, one year after the government has assumed, President Milei said that he will seek a free trade agreement with the United States, by anticipating that he will promote reforms so that Mercosur countries have “autonomy” with the rest of the rest of the world. He did it during his speech for the anniversary of the first year of management that he transmitted by National Chain.

It will seek to “eliminate tariff obstacles that hinder internal free trade within Mercosur and reduce the common external tariff that makes life more expensive without any benefit in consideration,” he anticipated. The position had advanced it last Friday in Montevideo during the leaders of leaders where Argentina assumed the presidency Protempore of the block.

Just a month and a half later, during his trip to the US for Trump’s assumption, he spoke against American businessmen and insisted that he will seek to sign a TLC with USA This year, as reported Scope.

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts