US May Reinstate Argentina's Trade Benefits

By Alex Lawson (November 8, 2016, 6:24 PM EST) -- The Obama administration announced on Monday that it will consider granting preferential trade status to Argentina under the Generalized System of Preferences now that the South American nation has settled outstanding arbitration claims with two U.S. companies.

U.S. Trade Representative Michael Froman met with his Argentinian counterparts under the auspices of the two countries' trade and investment framework agreement, or TIFA. While they covered a litany of issues, the possibility of Argentina reclaiming its GSP status will be of the most immediate concern to the trade bar.

"The government of Argentina has requested that the United States consider redesignating Argentina as...

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