Foreign

U.S., Ecuador reach agreement to reduce tariffs

The United States and Ecuador have signed a new trade agreement aimed at lowering tariff rates on selected goods between the two nations.

Officials said the agreement was finalised on Friday in Washington, D.C. after about 10 months of negotiations between representatives of both countries.

The deal was signed by Jamieson Greer and Ecuador’s Minister of Production, Foreign Trade and Investment, Luis Alberto Jaramillo.

The negotiations followed a broader tariff policy introduced by U.S. President Donald Trump, who imposed reciprocal tariffs on many countries as part of a global trade strategy.

In November, the United States and Ecuador announced a preliminary framework designed to reduce tariffs on several categories of goods in order to strengthen bilateral trade.

Under the newly signed agreement, Ecuador has pledged to reduce or eliminate tariffs on a number of products imported from the United States.

These include health-related goods, motor vehicles, and certain agricultural commodities.

The White House said the agreement would open new opportunities for American manufacturers and farmers while also expanding Ecuador’s access to the U.S. market.

Trade data from the Central Bank of Ecuador showed that the United States is Ecuador’s largest trading partner.

According to the figures, Ecuador exported goods worth approximately $6.8 billion to the United States in 2025, while imports from the United States reached about $9.1 billion during the same period.

The new deal also removed customs surcharges previously imposed on Ecuadorian products entering the United States.

Ecuadorian President Daniel Noboa welcomed the agreement, saying it would benefit more than half of the country’s non-oil exports.

He added that the deal could help introduce additional Ecuadorian products into the American market and expand trade opportunities for local industries.

Noboa said Ecuador had chosen to actively pursue improved trade conditions rather than remain passive in the evolving global economic environment.

Meanwhile, Greer said the agreement would significantly improve access for American exporters.

According to him, the deal opens Ecuador’s market of more than 18 million consumers to US agricultural and industrial products.

The agreement also included provisions that allow the United States to export energy resources and critical minerals from Ecuador.

The trade deal comes amid legal scrutiny of the U.S. administration’s tariff strategy.

Earlier in February, the Supreme Court of the United States ruled that the president had exceeded his authority by using emergency economic powers to impose tariffs on nearly all countries.

Despite the ruling, the new agreement with Ecuador reflects continued efforts by Washington to negotiate bilateral trade arrangements with individual partners while navigating the broader tariff dispute.

 

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