Applicable under the U.S.-Ecuador Trade Agreement for qualifying goods meeting rules of origin requirements.
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Last updated: 1 year ago
News and Updates
Recent News
U.S. and Ecuador Strengthen Trade Ties Under Specific Subheadings
A recent agreement between the U.S. and Ecuador focuses on enhancing trade under specific subheadings enumerated in U.S. note 21(d). This includes certain agricultural and textile products, aiming to boost bilateral trade volume.
October 15, 2023
Impact: This agreement is expected to increase exports of Ecuadorian goods to the U.S. under preferential tariff treatments, potentially benefiting Ecuadorian farmers and manufacturers while providing U.S. consumers with more diverse product options.
Ecuadorian Exports Under U.S. Note 21(d) See Tariff Relief
The U.S. Trade Representative announced temporary tariff relief for specific Ecuadorian products covered under subheadings in U.S. note 21(d), as part of broader trade negotiations to support economic recovery post-pandemic.
September 20, 2023
Impact: Tariff relief is likely to lower costs for Ecuadorian exporters, making their products more competitive in the U.S. market and potentially increasing trade flows in the short term.
During recent trade discussions, both nations emphasized the importance of subheadings under U.S. note 21(d) for fostering equitable trade, particularly in sectors like floriculture and processed foods from Ecuador.
August 5, 2023
Impact: These talks could lead to sustained growth in niche markets for Ecuadorian exporters, while the U.S. may see an influx of high-quality imports at competitive prices, benefiting consumers.
Policy Updates
Extension of Preferential Tariff Treatment for Ecuador Under U.S. Note 21(d)
The U.S. government has extended preferential tariff treatments for certain Ecuadorian goods under subheadings listed in U.S. note 21(d) to this subchapter. This policy aims to support Ecuador’s economic development and strengthen bilateral trade relations.
Date: September 1, 2023
Update to Eligibility Criteria for Subheading Benefits
The U.S. Trade Representative updated eligibility criteria for products under U.S. note 21(d), requiring stricter compliance with rules of origin to qualify for reduced tariffs when exported from Ecuador to the U.S.
