The trade accord will allow Argentina and the other Mercosur members — Brazil, Paraguay and Uruguay — to expand their export markets, especially for the crucial agricultural sector. Despite being critical of Mercosur’s efficiency, current Argentine President Javier Milei has backed the deal. “It will open up more markets and allow an ‘invasion’ of products from Argentina and the Mercosur in European markets, which could create more exports and more foreign currency income,” Sosa said. Ricardo Carciofi, lead researcher on economic development at CIPPEC think tank, expected the deal to have the opposite effect on consumer prices. Argentina has traditionally been a country with a strong agricultural sector and, despite past attempts at developing a manufacturing industry, it has never blossomed.

Source: Bueno Aires Herald January 10, 2026 02:28 UTC