Nov. 14 (UPI) — The White House announced new “trade framework agreements” with Argentina, Ecuador, El Salvador and Guatemala, all governed by administrations aligned with president Donald Trump, with the goal of reducing certain tariffs, eliminating non-tariff barriers and expanding access for U.S. products in those markets.
According to a statement issued by Washington on Thursday, the agreements establish reciprocal commitments.
The Latin American countries will eliminate or ease requirements and licenses that restrict the entry of U.S. goods — including agricultural products, medical devices, machinery and automobiles — while the U.S. government will reduce or waive tariffs on some key exports from those countries, as long as the products are not produced in sufficient quantities domestically.
“These agreements will help American farmers, ranchers, fishermen, small businesses and manufacturers increase U.S. exports and expand trade opportunities with these partners,” the White House said.
The commitments agreed to range from the acceptance of U.S. standards for vehicles, auto parts, medical devices and pharmaceuticals in El Salvador’s case to preferential access in Argentina for machinery, technology products, chemicals and agricultural goods, along with reforms to its intellectual property regime.
Guatemala agreed to ensure a favorable framework for digital trade, including free data transfers and a pledge not to impose taxes on U.S. digital services, while also strengthening its labor rules to prohibit goods linked to forced labor.
Ecuador assumed stricter environmental obligations, such as improving forest governance and combating illegal logging, as well as fully complying with international rules on fisheries subsidies.
On the trade front, it will eliminate or reduce tariffs on key products — fruits, nuts, legumes, wheat, wine and spirits — and dismantle its variable agricultural tariff system, opening significant access for U.S. exports.
The governments of all four countries welcomed the initiative as an opportunity to boost their exports, attract foreign investment and strengthen their competitiveness.
Argentine Foreign Minister Pablo Quirno said on X that the agreement “creates the conditions to increase U.S. investment in Argentina” and includes tariff reductions for key industries.
In a statement, the government of Javier Milei said that as part of this understanding, the two countries agreed to significantly expand access for Argentine beef in the U.S. market and to work together to eliminate non-tariff barriers to bilateral agrifood trade.
It added that the United States will eliminate tariffs on products it does not produce, while Argentina will grant tariff preferences to facilitate the entry of capital goods and intermediate inputs.
Guatemalan President Bernardo Arévalo and Economy Minister Gabriela García said on social media that more than 70% of the products the country exports to the United States will now enter tariff-free. They added that most remaining products will face a 10% tariff, Prensa Libre reported.
In Ecuador’s case, as Agriculture, Fisheries and Livestock Minister Danilo Palacios had previously indicated, among the products that will no longer pay the 15% tariff imposed by the United States in August are bananas and cacao, two of the main goods in Ecuador’s export basket, the newspaper Primicias reported.
While Salvadoran President Nayib Bukele reposted the White House’s official statement on X with the caption “Friends” alongside both countries’ flags, the Salvadoran Association of Industrialists said the agreement is a “unique opportunity” for exports and for attracting investment.
The Trump administration’s announcement remains at the framework stage, and the agreements are expected to be formalized in the coming weeks.
However, they do not amount to full free trade agreements, but are designed as specific market-access and regulatory commitments, including a guarantee not to impose digital taxes on U.S. companies.