The quota of 20,000 tons of beef exported to USA with tariff preference was fulfilled by 48.5% until the month of April, according to the Customs of that country, being Uruguay the second most complied with the agreement, just ahead of Australia, New Zealand and Argentina, but behind Brazil.
The United States Customs and Border Protection (CBP) published a report establishing that a total of 9,690 tons were exported to that country with a tariff preference, which represents 48.5% of the agreed total.
Brazil was the country that complied the most, completing 65 tons several weeks ago, this is followed by New Zealand with 29%, Argentina with 27% of its 20,000 tons and Australia with 23.5%.
For its part, in Europe, complied with 87% of the annual allocation of 5,606 tons, sending a total of 4,879 tons until March 31, becoming the country that most complied with the agreements during the third quarter. Behind of Uruguay it’s found Australia with 80% and Argentina with 73.4%.
How is the commercial relationship with Usmca?
The Uruguayan exports without free zones towards the Usmca – the agreement between the United States, Mexico and Canada – increased to 10.5% during 2023, compared to the 8.5% they represented in 2022, according to a study by the International Business Institute (INI) of the Catholic University of Uruguay (UCU).
The survey highlighted that the beef It was a flagship product, with sales of $120.4 million last year, an increase of 137.2% year-on-year. Behind them were tallow (65.8 million), preserved meat (56.3 million), wood plywood (47.5 million and chilled or boneless beef (39.7 million). These 5 products represented 33.1% of the total.
Regarding the payment of duty, The INI report reflected that towards Mexico They were reduced as a result of an agreement, so the greatest impact is seen in meat shipments to the other two countries.
For meat and edible offal, there is a quota of 20,000 tons towards USA and exported products are taxed at $44 per ton (an ad valorem tariff of 0.7%). If that amount is exceeded, it becomes 26.5%. In the case of Mexico, the first 250 tons are free of tariffs and, exceeding this quota, the applied tariff is 7%.
On the other hand, when analyzing the imports, those from the countries of the Usmca They represented 11.5% of total Uruguayan acquisitions in 2023, a decrease of 38.8% compared to 2022.
Among the five main products purchased, three of them correspond to mineral fuels and in all cases the common external tariff corresponds to 0%.
The largest amount of imports was crude oils from Petroleum, for 396 million dollars, followed by other similar oils (130.1 million), vehicles of a cylinder capacity greater than 1,500 cm3 and less than or equal to 3,000 cm3 (40.6 million), others medicines (31.6 million) and petroleum bitumen (21.8 million).
Source: Ambito
