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El Salvador and the U.S. Sign Agreement on Reciprocal Trade
By Eproint
El Salvador and the United States have agreed to a Framework for an Agreement on Reciprocal Trade (Agreement) that further strengthens and builds upon their economic relationship, including the Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR), which entered into force for the United States and El Salvador in 2006.
Both countries have committed to strengthen economic and national security cooperation to enhance supply chain resilience and innovation through complementary actions to address non-market policies of other countries, as well as addressing duty evasion and cooperating on government procurement, investment security, and export controls.
The United States will remove the reciprocal tariffs on El Salvador’s exports to the United States for certain qualifying exports that cannot be grown, mined, or naturally produced in the United States in sufficient quantities, as well as certain products, such as textiles and apparel products, originating under the CAFTA-DR.
El Salvador has committed to:
-Move forward with certain international intellectual property treaties and provide transparency and fairness regarding geographical indications, while ensuring that market access for U.S. agricultural exporters will not be restricted due to the mere use of certain cheese and meat terms.
-Addressing a wide range of non-tariff barriers affecting trade in priority areas, including streamlining regulatory requirements and approvals for U.S. exports, such as pharmaceutical products and medical devices; removing import restrictions on remanufactured goods; accepting U.S. auto standards; streamlining certificate of free sale requirements, accepting electronic certificates; removing apostille requirements; and expediting product registration requirements for U.S. exports.
-Prevent barriers to U.S. agricultural products in its market, including with regard to U.S. regulatory oversight and acceptance of currently agreed certificates issued by U.S. regulatory authorities.
-Address potential distortionary actions of state-owned enterprises and to address industrial subsidies that may have an impact on the bilateral trading relationship.
Both countries Will now work to finalize the Agreement, prepare the Agreement for signature, and undertake domestic formalities in advance of the Agreement entering into force.
Eproint
Whether your company is big or small, at Eproint you are our priority and we can take care of everything regarding legal processes to create and protect your brands, and provide you with an Intellectual Property strategy to achieve your goals.
In El Salvador, Practice Head Edy Guadalupe Portal is a partner at Eproint and has more than 25 years of experience in Intellectual Property. Since 1995, she has been recognized as the Salvadoran voice of Intellectual Property protection for always informing the IP community about changes to IP law and international treaties.
During her career, Mrs. Portal has helped numerous international law firms and in-house counsel with all facets of their IP matters in El Salvador and Central America. Her extensive practice includes work in trademarks, patents, industrial designs, utility models, copyrights, unfair competition, foreign investment, regulatory law/health registrations, licensing, franchising, appellations of origin, geographical indications, IP litigation, fashion law, new technologies, data privacy, cybersecurity, domain names, entertainment law, advertisement law, trade secrets, valuation of intangibles, and IP due diligence. She is also recognized for the great anti-piracy and anti-counterfeiting results she has delivered for her clients. She also helps coordinate Latin America Intellectual Property Protection for the firm.
