Ecuador is set to benefit from a reciprocal trade agreement with the United States, which will reduce a 15% surcharge on 130 specific products, amounting to approximately $1.02 billion in export value. This agreement, expected to be finalized in the coming weeks, highlights the potential for improved trade relations between the two countries. The products included in this agreement fall under an annex that allows for tariff adjustments based on agreements reached with respective countries.

However, for the 890 products that do not qualify for tariff reductions under this agreement, the Ecuadorian export sector is proactively seeking solutions to mitigate the loss of competitiveness. Xavier Rosero, the executive president of the Ecuadorian Federation of Exporters (Fedexpor), mentioned that there are plans to review tax burdens and potentially offer direct compensations to sectors affected by the exclusion from the agreement. This move reflects a strategic effort by Ecuador to maintain its market position in the U.S., which is a key trading partner.

The implications of this trade agreement could be significant for Ecuador's economy, particularly in the agricultural and manufacturing sectors, where these 130 products are likely to be sourced. The focus on reciprocal terms suggests a more balanced approach to international trade, which could pave the way for future negotiations between Ecuador and other countries. Continued dialogue and strategic planning will be crucial for Ecuador to enhance its competitiveness in the global market.