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White House Announces Reciprocal Trade Frameworks with Argentina, Ecuador, El Salvador and Guatemala
The Trump Administration today, Nov. 13, announced framework agreements on reciprocal trade and investment with Argentina, Ecuador, El Salvador and Guatemala.
The framework agreements are provided below with initial highlights by NCBFAA Customs Counsel and Legislative Advisor Sandler, Travis & Rosenberg, P.A.:
Argentina
Ecuador
El Salvador
- Joint Statement on Framework for United States-El Salvador Agreement on Reciprocal Trade – 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).
Guatemala
The NCBFAA Customs Committee and Counsel and NCBFAA Legislative Advisor, both of Sandler, Travis & Rosenberg, P.A., will provide updates regarding these trade framework agreements, as well as Customs and Border Protection (CBP) guidance, to our members when available.
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NCBFAA will continue to keep our members updated about the U.S. tariffs through the Monday Morning eBriefing and eblasts, and a dedicated IEEPA Tariffs webpage on our website.
Attention: The Monday Morning eBriefing (MMeB) and other communications of the NCBFAA are the exclusive property of the Association. Unauthorized use by any person or firm which is not a member in good standing is strictly prohibited.
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