On Friday, U.S. Ambassador Jamieson Greer signed the United States-Ecuador Agreement on Reciprocal Trade with Ecuadorian Minister of Production, Foreign Trade, and Investment Luis Alberto Jaramillo that will provide Americans with increased market access in Ecuador. The agreement includes preferential market access for U.S. agricultural goods including tariff rate quotas (TRQ) for corn, sorghum and ethanol.
The U.S. Grains & BioProducts Council reacted to the agreement:
“The U.S. Grains & BioProducts Council is pleased to see this win for U.S. corn, sorghum and ethanol producers and the larger U.S. agricultural industry. Ensuring U.S. commodities will no longer be subject to additional, variable rate price band tariff schemes in the future will allow U.S. commodities to compete on a more even playing field in the Ecuadorean market. This was one of our major requests in these negotiations.
“The Council applauds the work The Trump Administration, including U.S. Ambassador Greer, continues to do to connect our U.S. corn, sorghum and ethanol producers to customers around the world.”
