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U.S.-Argentina Business Council

The U.S. Chamber of Commerce’s U.S.-Argentina Business Council (USABC) is the premier business advocacy organization dedicated to strengthening the economic and commercial relationship between the United States and Argentina. As investors that create jobs and opportunities in each market, our member companies have a critical role to play in maximizing the growth of the Argentine-U.S. economic partnership. We work together with both governments to set policy priorities and share best practices that strengthen United States  and Argentina commercial engagement to be more competitive in the global marketplace.

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Meeting with officials at the highest levels of government, our members enjoy a leadership profile that sets them ahead of their global competition. Participating in strategic task forces and working groups, members advance innovative solutions to challenges encountered by companies operating in Argentina and the United States.

The U.S.-Argentina Business Council is distinctively positioned to advance policy priorities to improve the business climate and increase bilateral trade and investment. Drawing on the strengths of the  U.S. Chamber of Commerce and its network of partners and affiliates, including AmCham Argentina, the USABC offers members the tools, the expertise, and the networks to advance a broad sectoral agenda. 

Mission

Our mission is to foster a robust economic and commercial relationship between the U.S. and Argentina by identifying challenges and proposing solutions to issues hindering the commercial relationship, advancing trade and investment opportunities for USABC members, and supporting economic growth in Argentina and the United States, particularly by supporting Argentina’s economic reform efforts.

Our Policy Agenda

  • Engage Argentine and U.S. administrations to help drive policies that ensure the appropriate environment for inclusive growth in trade and investment and to promote bilateral cooperation.
  • Support the Fernández administration’s efforts in the implementation of a comprehensive and sustainable economic and social pact to fight COVID-19, reignite economic growth, reduce poverty and hunger, and create high-quality jobs.
  • Promote measures to strengthen the rule of law that serve to increase predictability, stability, and transparency in Argentina, such as the digitization of customs procedures, standardization of permitting and licensing procedures, the independence of the judiciary, and highlighting ethical business practices.
  • Support the Fernández Administration in its efforts to reach a comprehensive and sustainable agreement with the International Monetary Fund to normalize the economy, promote market-based rules, and provide long-term predictability for investments, while ensuring inclusive growth, job creation, poverty reduction, and sustainable development.

Trade 

Encourage both governments to expand and deepen their cooperation to foster an open, transparent, and predictable environment for trade and investment.

  • Address key barriers in the economic and trade regulatory framework that hurt American companies and trade and investment in general, such as price controls, foreign exchange and capital controls, import licensing, and counterproductive export taxes. 
  • Establish a Trade and Production Dialogue that meets regularly; takes concrete actions to promote growth and prosperity; and includes meaningful opportunities for stakeholder engagement. 
  • Pursue regulatory cooperation and meaningful coordinated actions wherever possible to advance market-based competition and U.S. values in the global economy and insulate U.S. business and workers from market distortions and security risks. 
  • Promote cooperation to advance in alternative ways to control inflation, encouraging a better balance among objectives and policy tools. Foster flexibility in policies both to incentivize continued production as well as to maintain the incentives to invest. 
  • Encourage the implementation of trade facilitation measures and good regulatory practices, in particular the implementation of IT improvements and simplification of processes to combat COVID-19 more effectively. 

Innovation

Work with both governments to cooperate to create positive ecosystems for innovation specifically in technology, science and research.

  • Promote the opportunities for future investment in more clinical trials, by addressing key challenges in regulatory data protection, improved patent enforcement, eliminate restrictive patentability criteria and discriminatory reimbursement and procurement policies.
  • Continue to promote the importance of transparent, fair, economically efficient, and effective spectrum management policies, by continuous dialogue with both the government and private sector.
  • Advocate for new forms of dynamic liaisons between universities and research centers but also across traditional sector boundaries to prompt the emergence of new forms of demand-led innovation.
  • Support financial products that incorporate a wider use of digital payments and wallets, as well as advances in lending technology, such as cloud technology and automation. 

Energy

Encourage the Argentines to develop a strategic roadmap in the energy sector that incorporates climate change and sustainable development. 

  • Establish an Energy and Sustainability Dialogue to address climate change while ensuring continued economic competitiveness, promote stable, predictable, and transparent regulatory environment to underpin continued private sector investment. 
  • As the Administration promotes opportunities in green energy, we continue to stress importance of Vaca Muerta and downstream industries. Our members are meeting the climate goals and commitments of the Paris agreement and hope to continue implementing these measures as they do business in country. 
  • Recognize the strength of U.S. energy companies as strong partners and investors across Argentina’s energy system, from upstream and midstream oil and gas to downstream petrochemicals and refined products, from renewables to power generation. 
  • Encourage Argentina’s energy interconnectivity with regional neighbors, through expansion and integration of grids, physical and virtual pipelines, logistics and energy transportation systems. 
  • Work on compliance challenges related to public climate and sustainability disclosures and balance market demand for sustainable finance solutions with the primary objectives of unhampered market functioning, value creation, and market stability. 
  • Collaborate with the private sector on the development and deployment of policies related to low carbon energy technologies and associated infrastructure investments, and encourage efforts including on priority issues such as energy storage, advanced nuclear, carbon capture and sequestration, and the circular economy. 
  • Promote realistic climate solutions that are driven by innovation and private sector investment.
  • Encourage an energy law designed to provide greater regulatory certainty that fosters investment, while shielding the sector from measures like foreign exchange and capital controls and price freezes. 
  • Support investments and foster cooperation to promote local industries that provide added value in the lithium battery and storage production sectors. 

COVID-19

Pursue opportunities to confront COVID-19 to rebuild prosperous economies.

  • Highlight the U.S.’s private sector’s efforts on expanding climate friendly business practices in Argentina.
  • Encourage a post-COVID-19 manufacturing industry towards inclusive and sustainable industrial development, to ensure greater resilience and response capacity.
  • Promote innovation as a path to address pandemic response and a post-pandemic world green economy and the digital revolution to create the jobs.
  • Ensure an effective ongoing dialogue as officials in Washington and Argentina explore industrial policies intended to address supply chain weaknesses laid bare by the pandemic.
U.S. and Argentina Congressional Business Briefing, May 11, 2021

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