Ecuador: FAS Protects $120 Million in U.S. Soybean Meal Exports

On December 23, 2016, Ecuador’s Foreign Trade Committee passed the extension of the current tariff and duty exemption for soybean meal imports from all origins (including the United States). The exemption extension is effective January 1, 2017. The outcome resulted from FAS Quito’s intervention and coordination with the U.S. Embassy in Quito, the U.S. Soybean Export Council, Ecuador’s animal feed industry and the Government of Ecuador. As a result of the extension, FAS Quito forecasts $120 million in U.S. soybean meal sales to Ecuador during 2017.

Ecuador: FAS Protects $120 Million in U.S. Soybean Meal Exports