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Ecuador: New Trade Opportunities and Economic Development with the U.S.

This act aims to include Ecuador in a U.S. trade preference program, potentially opening new opportunities for businesses and consumers. This could make products from Ecuador cheaper in the U.S. market, and American companies might gain easier access to the Ecuadorian market. Citizens could experience a wider variety of products and potentially lower prices.
Key points
Ecuador may become eligible for U.S. trade preference programs, facilitating trade.
Potential reduction in prices of products imported from Ecuador to the U.S.
Support for Ecuador's economic development and strengthening of trade relations with the U.S.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_6414
Sponsor: Rep. Salazar, Maria Elvira [R-FL-27]
Process start date: 2023-11-14
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Innovation and Development in Ecuador Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_6414.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-11-14.

What are the main provisions?

Key points include:

  • Ecuador may become eligible for U.S. trade preference programs, facilitating trade.
  • Potential reduction in prices of products imported from Ecuador to the U.S.
  • Support for Ecuador's economic development and strengthening of trade relations with the U.S.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Salazar, Maria Elvira [R-FL-27].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Trade.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy