Bipartisan Bill Would Add Uruguay to CBERA
Reps. Maria Elvira Salazar, R-Fla., and Andy Kim, D-N.J., introduced a bill last month that would cover Uruguay under the trade benefits in the Caribbean Basin Economic Recovery Act. "Uruguay is one of America’s best friends in South America and is a shining example of how economic freedom promotes prosperity," Salazar said in a news release. She said she wants to increase economic exchange between the two nations.
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U.S. imports from Uruguay totaled $905 million in 2022, according to the Office of the U.S. Trade Representative. Beef, wood and citrus are the primary exports to the U.S.; beef imports are still restricted by tariff rate quotas under CBERA.