Reduced Ecuadorian Tariffs Could Benefit US Exporters
Ecuador recently lowered tariffs on 667 products, including 43 agricultural goods, a move expected to principally benefit U.S. exporters of soybean meal and wheat, the U.S. Department of Agriculture Foreign Agricultural Service said in an Aug. 3 report. The rates…
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go into effect Oct. 1. Other U.S. exports that could benefit are liver and offal of bovine animals, kidney beans, peanut oil, sugars with added flavoring and coloring, and certain tea extracts. USDA also said the U.S. “previously faced tariff disadvantages for several products which are now at zero percent ad valorem for all countries,” which should create “opportunities” for U.S. exporters of other goods, including hazelnuts, malts, starches and animal feed preparations.