Free Trade With Central America: Summary of the U.S.-Central America Free Trade Agreement
by Office of the United States Trade Representative / Trade Facts
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Free Trade With Central America PDF • 0.07 MBNew Market Access for U.S. Consumer and Industrial Products
• More than 80 percent of U.S. exports of consumer and industrial products to Central America will be duty-free immediately upon entry into force of the Agreement, and 85 percent will be duty free within five years. All remaining tariffs will be eliminated within ten years.
• Key U.S. exports, such as information technology products, agricultural and construction equipment, paper products, chemicals, and medical and scientific equipment will gain immediate duty-free access to Central America.
• Guatemala, Honduras and Nicaragua will soon join the WTO’s Information Technology Agreement (ITA), which removes tariff and non-tariff barriers to IT products. Costa Rica and El Salvador are already participants.
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