More details about Argentina is available on the Argentina Pageand from other Department of State publications and other sources noted at the end of this truth sheet.
The United States and Argentina keep a bilateral relationship based on deep financial ties and shared interests, consisting of, democracy and human rights, counterterrorism and guideline of law, improving citizen security, science, energy and technology facilities, people-to-people ties, and education.
A U.S. Presidential Delegation went to the December 2019 inauguration of the new president of Argentina, Alberto Fernandez. Members of the delegation satisfied privately with President Fernandez to strengthen the relationship in between the United States and Argentina. The Fernandez administration has stated it looks for a fully grown relationship with the United States based upon shared interests.
Over the past couple of years, the U.S. federal government worked to reinforce counterterrorism cooperation throughout the Western Hemisphere, and Argentina has actually been an essential ally in this effort, handling a management function in the area on counterterrorism concerns. The United States assisted develop the Western Hemisphere Counterterrorism Ministerial (WHCM), and Argentina has been a leading participant in all three Ministerials, consisting of hosting the second one. Throughout the 2nd WHCM, hosted by Argentina in Buenos Aires in 2019, the U.S. Secretary of State celebrated the 25th anniversary of the Iran-backed Hizballah attack on the Asociación Mutual Israelita Argentina Jewish community center in Buenos Aires, which killed 85 people and hurt hundreds more.
In 2019, as a step to counter terrorism and as a way of honoring those impacted by the attack, Argentina designated the whole of Hizballah as a terrorist organization, the very first nation in Latin America to do so. Argentina encouraged a variety of other nations in the Hemisphere to do the exact same. In July 2020, Argentina extended the time period of its Hizballah designation.
Argentina and the United States collaborate on criminal activity countering initiatives, bilaterally along with in the area. Together, we helped direct the development of the Regional Security System, and got involved actively in the first conference of that group. Argentina sent out an enhance of its most capable professionals to take part along with construct capacity on the margins of the conference. The United States works with Argentine counterparts to assist in their anti-crime and counterterrorism efforts through legal, monetary, and law enforcement tools.
Collaborating on Battle Against the Pandemic
The United States is working carefully with the Argentine federal government and partners to fight the pandemic and prepare for recovery. The United States is dealing with Argentine authorities to collaborate provision of personal protective equipment (PPE), consisting of sourcing PPE from U.S. business operating in Latin America. Both nations are working to guarantee that PPE is available to frontline employees, especially medical staff. The United States has actually contributed eye security, N95 masks, gloves, and scrubs to Argentina and financed testing packages. The U.S. government is providing funding through the Migration and Refugee Account to help with humanitarian support and COVID-19 reaction efforts in Argentina, a host country for refugees. The total value of this assistance is $300,000 since June 2020.
In mid-March, the Argentine government swiftly imposed orders which had a considerable effect in minimizing deaths connected to COVID-19 pandemic. Throughout 2020, Argentina continues to carry out remain at house steps and a stimulus package that includes support for employees in the casual economy. Argentina is receiving financial help from the World Bank and the Inter-American Advancement Bank to resolve health impacts and financial impacts of COVID-19.
U.S. Support to Argentina
The Department of State designated $3.1 million for Argentina for FY 2020. This funding promotes local security. The Department of State’s Bureau of International Narcotics and Law Enforcement Affairs partners with Argentina to deliver counter-narcotics and criminal justice capability building, which has actually reinforced the capability of both governments to interfere with transnational crime in the Western Hemisphere. The Department of State’s Bureau of Counterterrorism works with Argentina to enhance nationwide and local partnerships and info sharing to counter progressing terrorist threats leading to crucial actions in counterterrorism efforts, including the classification of Hizballah as a terrorist organization. The Department of State’s Bureau of Political and Armed force Affairs supports professional military education and training for Argentina’s military personnel. These courses assist to professionalize their military and enhance the withstanding relationship between our armed forces. In Addition, U.S. Department of Labor programs assist the government and civil society combat kid and required labor, increase employee security, and broaden apprenticeship chances for at-risk youth. The United States and Argentina also work together on economic revitalization.
Bilateral Economic Relations
The United States delights in a trade surplus with Argentina, and is Argentina’s number three items and services trading partner (behind Brazil and China). U.S. items and services trade with Argentina amounted to $16.1 billion in 2020. Industrial products and products represented 25.4% of U.S. exports to Argentina and 26.3% of imports from Argentina. U.S. exports to Argentina consist of equipment, fuel, airplane, and plastics. U.S. imports from Argentina consist of aluminum, white wine, and fuel. There are more than 300 U.S. companies doing business in Argentina, utilizing more than 150,000 workers. The United States is the largest foreign investor in Argentina, with around $10.7 billion (stock) foreign direct investment in 2019, according to the Department of Commerce. Argentina shares the United States’ interest in building trustworthy supply chains for the minerals and metals required for the tidy energy change. Both countries’ participation in the Energy Resource Governance Initiative (ERGI) intends to ensure that these supply chains are diverse, robust, and stick to Environmental, Social, and Governance (ESG) requirements. The United States and Argentina signed a Memorandum of Comprehending (MOU) to increase cooperation on energy and facilities development in 2019.
In assistance of women’s financial empowerment, a high-level U.S. interagency delegation visited Argentina in 2019 to promote women-led small companies and business owners, which are important for creating financial development and security. On the visit, they consulted with both senior government officials and civil society stakeholders. The check out highlighted efforts under the Development Finance Corporation’s 2X Americas effort, which looks for to set in motion $1 billion for women-owned, women-led, and women-supporting services in Latin America, including Argentina. In August 2021, Post will release the Academy of Women Business Owners (AWE) at our Binational Center in Rosario. This initiative will help 30 Argentine ladies entrepreneurs produce and grow their services through a blend of online training, mentorship, networking, and soft skill building.
In 2016, the United States and Argentina began establishing new mechanisms and agreements to improve business climate. These include the Trade and Investment Structure Agreement (TIFA) for interagency discussion of trade and business problems, an MOU supporting little and medium enterprise development, a Digital Economy Working Group, a Business Dialogue between the Department of Commerce and the Ministry of Production, a Forum on Innovation and Creativity for Economic Development (i.e., intellectual property), and a bilateral Tax Information Exchange Agreement.
The United States and Argentina comply carefully on a variety of binational academic activities at the basic and higher education levels. The Binational Fulbright Commission collaborates the exchange of students, teachers, and researchers. The Commission facilitates over 250 exchanges annually and has coordinated over 9,500 exchanges because its inception in 1956. The United States contributes roughly $1.2 million annually, and the Argentine government contributed $10 million in 2017. In 2019, The variety of Argentine trainees studying in the United States increased for the sixth year in a row and Argentina remained among the leading 25 destinations for U.S. trainees studying abroad.
U.S. government and science cooperation with Argentina remains strong, with the U.S. National Aeronautics and Space Administration (NASA) at the leading edge of partnership. Structure on the close cooperation from the 2018 launch of Argentina’s SAOCOM 1A satellite, NASA supported Argentina’s operate in the launch of its SAOCOM 1B satellite in August 2020 from the Kennedy
Space Center. In December 2017, NASA remained in southern Argentina, collecting information for Operation IceBridge, when the Argentine ARA San Juan submarine went missing out on off the Atlantic coast. NASA immediately redirected its P-3B Orion research aircraft, which represented the very first global support to the search-and-rescue mission. In September 2017, NASA partnered with the Argentine space company (CONAE) to hold the first-ever regional Catastrophe Risk Decrease Seminar, which brought together earth observation researchers, emergency situation responders, NGOs, and government representatives to address issues with, and recognize solutions to, catastrophe response mechanisms. Argentina is an active partner in NASA’s Global Knowing and Observations to benefit the Environment (GLOBE) Program, an around the world program that brings together students, instructors, researchers and residents to promote science and finding out about the environment. NASA donated 1,000 eclipse viewing sunglasses to local youth groups to enable students to securely observe the total solar eclipse December 2020.
Combatting the Environment Crisis
Argentina is a strong partner in dealing with the climate crisis, and President Fernandez has made it a top priority of his Administration. At President Biden’s April 22, 2021 Leaders Top on Climate, he vowed to improve Argentina’s NDC by restricting emissions to a level 27.7 percent below its 2016 overall emission target. Argentina also increased its renewable energy target from 25 percent to 30 percent by 2030, devoted to reduce methane emissions, and vowed to eradicate prohibited logging.
Argentina’s Subscription in International Organizations
Argentina is an active member of the United Nations, the Organization of American States, the G20, and other international companies. Argentine Rafael Grossi was elected IAEA Director General in 2019. Argentina held the G20 Presidency in 2018 and hosted over 45 G20 meetings that year. Argentina likewise hosted the World Youth Olympics in October 2018. Argentina held the Financial Action Task Force (FATF) presidency for 2017-2018 and functioned as host of the World Trade Organization Ministerial in December 2017. In addition to the FATF, Argentina is a member of GAFILAT, the Financial Action Job Force for Latin America, and its financial intelligence unit is a member of the Egmont Group. ASA partnered with the Argentine area company (CONAE) to hold the first-ever regional Disaster Risk Reduction Seminar, which brought together earth observation scientists, emergency situation responders, NGOs, and government agents to address issues with, and identify options to, catastrophe action systems. Argentina is also an active partner in NASA’s Global Knowing and Observations to benefit the Environment (GLOBE) Program.
Argentina is celebration to the Inter-American Treaty of Reciprocal Help (also referred to as the Rio Treaty). In September 2019, the states celebrations to the Rio Treaty started a ministerial procedure to execute steps to address the getting worse crisis in Venezuela, though the Fernandez administration has been vital of making use of sanctions. Argentina is also a member of the International Contact Group to address problems in Venezuela and serves as a host to over 150,000 Venezuelan refugees.
Principal U.S. embassy officials are noted in the Department’s Secret Officers List.
Argentina keeps an embassy in the United States at 1600 New Hampshire Ave. NW, Washington DC 20009; tel. (202) 238-6400.
More info about Argentina is readily available from the Department of State and other sources, a few of which are noted here:
CIA World Factbook Argentina Page
History of U.S. Relations With Argentina
Workplace of the U.S. Trade Agent Countries Page
U.S. Census Bureau Foreign Trade Data
Export.gov International Workplaces Page