What’s at Stake for Sauces and Condiments?
On Dec. 11, 2002, the United States concluded negotiations on a free trade agreement (FTA) with Chile, the first such arrangement with a South American country. The U.S. – Chile Free Trade Agreement entered into force on January 1, 2004. This agreement provides America’s farmers, ranchers, food processors, and the businesses they support with improved, and in many cases, new access to Chile’s market of 15 million consumers. This comprehensive agreement calls for duty-free access on all products and addresses other trade measures for both countries. U.S. Sauces and Condiments Gain Improved Access to Chile’s Market Before the agreement … U.S. sauces and condiments such as tomato sauce, soy sauce, ketchup, mustard, mayonnaise, and salsa faced import tariffs of 6 percent in Chile. Without preferential access, U.S. sauces and condiments were at a disadvantage to products from countries like Argentina. With the agreement … In most cases, U.S. sauces and condiments gained preferential access