The United States and Argentina maintain a bilateral relationship based on shared interests including economic ties, democracy and human rights, counterterrorism and rule of law, improving citizen security, energy, science and technology, people-to-people ties, and education. President Trump met with President Mauricio Macri on the margins of the G20 summit in November 2018, the third presidential meeting in three consecutive years, an indication of the United States Government’s commitment to high-level engagement with the Argentine government.
U.S. Assistance to Argentina
U.S. assistance in Argentina promotes regional stability and democracy as well as non-proliferation and nuclear security through cooperation on export controls and border security. The United States and Argentina also cooperate on economic revitalization and public security. The International Narcotics and Law Enforcement (INL) Bureau provides funds to the Drug Enforcement Administration (DEA) and the Federal Bureau of Investigation (FBI) to foster law enforcement and justice cooperation and institutional capacity building; this has strengthened the ability of both governments to respond to shared security interests in the Western Hemisphere.
Bilateral Economic Relations
The United States enjoys a trade surplus with Argentina, and is Argentina’s number two goods and services trading partner behind Brazil. U.S. goods and services trade with Argentina totaled an estimated $26.3 billion in 2017. U.S. exports to Argentina include machinery, mineral fuels, aircraft, and plastics. U.S. imports from Argentina include chemical products, wine, aluminum and mineral fuels. There are more than 300 U.S. companies doing business in Argentina employing more than 150,000 workers. The United States is the largest foreign investor in Argentina with approximately $14.9 billion (stock) foreign direct investment in 2017, according to the Department of Commerce.