Joint Statement on Framework for United States-Ecuador Agreement on Reciprocal Trade

Key Points

• If finalized, both countries lower import taxes (tariffs). Some goods from Ecuador that the United States does not make enough of could get cheaper for shoppers.
• Ecuador cuts or removes taxes on many U.S. products like machinery, medical and tech equipment, cars, and some farm goods, which can help American factories and farmers sell more.
• Customs gets simpler and faster. Ecuador plans to drop extra pre-shipment checks and speed up its one-stop customs system, which can mean quicker deliveries and lower costs for small businesses.
• Worker and nature protections are part of the deal. Ecuador promises to protect labor rights, block goods made with forced labor, fight illegal logging and fishing, and crack down on wildlife trafficking.
• Digital trade gets a boost. Ecuador agrees not to add special taxes that target U.S. online services and supports keeping downloads and streams free of customs fees.

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