Trade agreement expiration means Ecuador flowers will carry a new 6.8 percent tariff
Trade agreement expiration means Ecuador flowers will carry a new 6.8 percent tariff
The pending expiration July 31 of the Andean Trade Promotion & Drug Eradication Act and the U.S. Generalized System of Preferences program, referred to as GSP, will increase the price of flowers imported from Ecuador into the United States by 6.8 percent by slapping an import tariff on them.
The Ecuadorian Trade Office in Chicago launched a campaign, “Keep Trade Going,” on May 15 to highlight the country’s importance as a U.S. trading partner as well as the quality of Ecuador’s products.