Trade Update: Reciprocal Trade Frameworks with Argentina, Ecuador, El Salvador, and Guatemala Announced
Framework agreements have been announced regarding reciprocal trade and investment with Argentina, Ecuador, El Salvador, and Guatemala.
The United States will remove the reciprocal tariffs on certain unavailable natural resources and non-patented articles for use in pharmaceutical applications. In addition, the United States may positively consider the effect that the Agreement has on national security, including taking the Agreement into consideration when taking trade action under Section 232 of the Trade Expansion Act of 1962.
The United States will remove its reciprocal tariffs on certain qualifying exports from Ecuador to the United States.
El Salvador:Joint Statement on Framework for United States-El Salvador Agreement on ReciprocalTrade – The White House
The United States will remove the reciprocal tariffs on El Salvador’s exports to the United States for certain qualifying exports that cannot be grown, mined, or naturally produced in the United States in sufficient quantities, as well as certain products, such as textiles and apparel products, originating under the CAFTA-DR. In addition, the United States may positively consider the effect that the Agreement has on national security, including taking the Agreement into consideration when taking trade action under Section 232 of the Trade Expansion Act of 1962, as amended (19 U.S.C. 1862).
The United States will remove the reciprocal tariffs on Guatemala’s exports to the United States for certain qualifying exports that cannot be grown, mined, or naturally produced in the United States in sufficient quantities, as well as certain products, such as textiles and apparel products, originating under the CAFTA-DR.