On March 13, Ecuador became the ninth country to sign an Agreement on Reciprocal Trade with the United States. The agreement will take some time to implement, but once in place it will remove both tariff and non-tariff barriers for U.S. beef and pork exports. U.S. Meat Export Federation (USMEF) Vice President for Economic Analysis Erin Borror has the details.
The agreement also calls for recognition of all USDA Food Safety and Inspection Service (FSIS) inspected facilities as eligible for export to Ecuador, removing the need for individual facility approvals.
Borror said she expects export growth to be similar to what was seen in Guatemala after passage of the Central America Free Trade Agreement.
For more information, visit usmef.org.
