Ecuador's Minister Jaramillo announced that a new trade agreement with the U.S. includes a clause for future discussions on incorporating additional products, including shrimp.
Ecuador's Minister of Production, Foreign Trade and Investments, Luis Alberto Jaramillo, highlighted the significance of a forthcoming trade agreement with the United States that will feature a clause allowing for ongoing discussions about adding more products for export. This announcement came during an interview on February 18, where the Minister was specifically asked about the fate of shrimp tariffs. He emphasized that this agreement sets the stage for future negotiations regarding the inclusion of additional export goods.
Shrimp is Ecuador's top export product, contributing significantly to the country's economy with over $8 billion generated in 2025, including approximately $2 billion from exports to the U.S. The Minister indicated a cautious optimism regarding the potential for reducing tariffs on shrimp and other products in subsequent negotiations, suggesting that this trade agreement will serve as a framework for enhancing Ecuador’s access to the U.S. market.
The implications of this trade agreement are profound, as the U.S. market is crucial for Ecuadorian shrimp exports. The continuation of discussions and potential tariff reductions could bolster the export economy, providing significant revenues and economic benefits for the country. As negotiations unfold, they will be closely monitored by both exporters and government officials, who are eager to maximize benefits from this key trade relationship.
