USMCA as a Framework: New Talks Between U.S., Ecuador, Uruguay

Government officials asked U.S. Trade Rep. Katherine Tai to capitalize on the success of the USMCA and expand relations in the Western Hemisphere.

American red shipping cargo container on a white background.
American red shipping cargo container on a white background.
(Photo: zapp2photo, Adobe Stock)

Two senior U.S. senators asked the Biden administration to start trade-agreement talks with Ecuador and Uruguay, using a pact with Mexico and Canada as a template to expand export opportunities with “trusted partners” in Latin America as China’s influence grows.

Senate Foreign Relations Chairman Robert Menendez, a New Jersey Democrat, and fellow committee member Rob Portman — a former U.S. trade chief and an Ohio Republican — asked Trade Representative Katherine Tai and Secretary of State Antony Blinken to capitalize on the success of the U.S.-Mexico-Canada Agreement (USCMA) and expand relations in the Western Hemisphere.

Odds with Ecuador and Uruguay

Ecuadorian President Guillermo Lasso met with U.S. counterpart Joe Biden Monday at the White House, where the leaders agreed that the countries had made historic progress in strengthening bilateral ties.

Lasso has previously noted that Ecuador is the only nation on the Western Hemisphere’s Pacific Coast that has no free-trade agreement with the U.S.

In Uruguay, President Luis Lacalle Pou has started free-trade talks with China, wooed Turkey and applied to join the 11-nation Comprehensive and Progressive Agreement for Trans-Pacific Partnership trade bloc as he seeks to open markets to for the nation’s goods and services.

More on trade:

U.S. Expands Dairy Clash with Canada Through the USMCA
U.S.'s “Candid” GMO Corn Conversation With Mexico Results In Changes To Looming Trade Dispute

AgWeb-Logo crop
Related Stories
Agronomists detail how your variety selections and planting strategy might need to adapt to better manage risk during the growing season and protect yield at harvest.
The reopening of the U.S.-Mexico border on Aug. 24 is expected to have a short-term impact on cattle markets, but analysts say the return of Mexican feeder cattle will not fundamentally change long-term supply.
Former US Trade Representative Bob Lighthizer says Mexico, not Canada, will be the biggest test in USMCA talks, citing trade deficits. That’s as agriculture leaders push to protect billions in North American trade.
Read Next
A year after StoneX’s survey shocked the market, two StoneX economists sit down for an exclusive interview, saying this year’s numbers tell a very different story about what will drive prices.
Get News Daily
Get Market Alerts
Get News & Markets App