The USA has made significant trade agreements with 4 Latin American countries.

US Trade Strategy

The White House announced that the United States has reached an important agreement with Argentina, Guatemala, Ecuador, and El Salvador within the framework of mutual trade agreements. These agreements aim to increase trade volume between the two countries and strengthen investment relations.

Strategic Alliance with Argentina

In a joint statement with Argentina, it was reported that US President Donald Trump and Argentinian President Javier Milei have reached a consensus on a new trade and investment agreement aimed at strengthening the strategic alliance between the two countries. Argentina has committed to opening its market for pharmaceuticals, chemicals, machinery, information technologies, medical devices, motor vehicles, and various agricultural products. In addition, the US will eliminate tariffs on certain natural resources and substances used in pharmaceutical production.

Guatemala and Digital Transformation

In the agreement with Guatemala, it was emphasized that the country would expedite the approval processes for US pharmaceuticals and medical devices, lift restrictions on refurbished products, and accept US vehicle standards. Furthermore, the US commitment to eliminate tariffs on certain products from Guatemala was welcomed.

Important Commitments from Ecuador

In a joint statement with Ecuador, it was mentioned that the country would reduce or eliminate tariffs on machinery, health products, and agricultural products for the US, while also noting that it would not implement a digital services tax. Additionally, both parties emphasized working together to eliminate non-tariff barriers.

Commercial Commitments from El Salvador

Under the agreement with El Salvador, the country committed to simplifying the approval processes for US pharmaceuticals and medical devices. The country also vowed to eliminate barriers to US agricultural products, taking necessary steps to make trade faster and more predictable.

Customs Duties and Future Steps

Officials from the US government stated that the basic tariff rates for these countries would remain at 10% for Guatemala, El Salvador, and Argentina, and at 15% for Ecuador. The agreements are expected to positively impact the prices of products such as bananas, coffee, and cocoa.

The goal is to complete and sign the agreement texts as soon as possible, and active negotiations with other countries are also ongoing. ```