This fall, the Foreign Agricultural Service (FAS) launched its Agricultural Tariff Tracker, a helpful new tool for small and medium-sized enterprises (SMEs) exporting agricultural goods. The Tracker complements the Commerce Department’s new FTA Tariff Tool, which allows exporters easy access to tariffs for industrial and textile goods.
Each of these tools allows exporters to search for tariffs for countries with which the US has a free trade agreement (FTA). However, while the Commerce site offers data from all twenty of the US’s current FTA partners, FAS has initially included ten FTA partners and will be rolling in the remaining FTA partnters in the near future. The initial ten countries include Colombia, Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, Korea, Nicaragua, Panama, and Peru, spanning five different free trade agreements.
The Tracker is user-friendly, and allows exporters to access vital information at the click of a mouse. The results may be downloaded as a PDF or an excel document, and display the tariff reduction schedule, in- and over-quota duties, and tariff-rate quotas.
For more information on the Agricultural Tariff Tracker, how you can leverage existing FTAs, or what behind-the-border barriers your product may face, contact TradeMoves’ experienced staff.