Ecuador's new reciprocal trade deal with the United States removes a surcharge on billions in exports, a milestone for Noboa's pro-Washington strategy.
Trade
Key Facts
—The deal. Ecuador and the United States have concluded a reciprocal-trade framework, the first bilateral market-access agreement in the two countries’ history.
—The benefit. It removes a 15 percent surcharge on roughly half of Ecuador’s non-oil exports, a basket worth about $3.2bn.
—The goods. The covered products include flowers, blueberries, avocados, bananas, cacao, tuna and some minerals.
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