Search Results for keywords:"international trade agreements"

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Search Results: keywords:"international trade agreements"

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  • 2024-29071 — Determination of Trade Surplus in Certain Sugar and Syrup Goods and Sugar-Containing Products of Chile, Morocco, Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, Peru, Colombia, and Panama
    Type:Notice
    Citation:89 FR 99956
    Reading Time:about 15 minutes

    The Office of the United States Trade Representative (USTR) has announced the trade levels of sugar and syrup products from several countries, which affect their eligibility for duty-free entry under various trade agreements. For the 2025 calendar year, Chile, Morocco, the Dominican Republic, and Peru have negative trade surpluses, meaning their goods cannot enter the U.S. duty-free. Meanwhile, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Colombia, and Panama have varying positive trade surpluses and can export limited quantities to the U.S. without tariffs, based on predetermined quotas.

    Simple Explanation

    The U.S. government is deciding how much sugar and syrup products from different countries can come into the U.S. without charging extra fees. Some countries like Costa Rica and Guatemala can send a certain amount for free, but others like Chile and Peru can't because they have sent too much before.

  • 2024-31353 — To Implement the United States-Israel Agreement on Trade in Agricultural Products and for Other Purposes
    Type:Presidential Document
    Citation:89 FR 105333
    Reading Time:about 13 minutes

    In a proclamation dated December 20, 2024, President Joseph R. Biden Jr. announced the continuation and modification of trade agreements and tariff schedules between the United States and Israel, as well as with other countries involved in trade agreements such as USMCA and DR-CAFTA. This included extending duty-free access for certain Israeli agricultural products until December 31, 2025, to maintain favorable trade terms. Additionally, the proclamation addressed technical corrections in the Harmonized Tariff Schedule to ensure proper implementation of trade agreements like the USMCA and AGOA, and adjustments were made to correct past errors, including in steel import quotas. The proclamation is intended to ensure ongoing advantageous trade relationships aligned with U.S. international trade agreements.

    Simple Explanation

    The President of the United States said that America and Israel will keep their special trade deal for farm products so Israeli products can come to the U.S. without extra taxes until the end of 2025. He's also fixing some past mistakes in the rules, like those for steel trades, to make sure everything is fair and correct.