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National & World Ag News Headlines
Honduras Wants Review of U.S. Trade Agreement
USAgNet - 05/24/2022

Honduran President Xiomara Castro in a recent speech said she wants to review her country’s 2004 trade agreement with the United States.

Honduras is part of the multilateral deal known as the Dominican Republic-Central American Free Trade Agreement (DR-CAFTA), which also includes Costa Rica, El Salvador, Guatemala, and Nicaragua. She said the agreement “seriously limits our freedom to reach sovereignty” in the agriculture sector and complained that under the trade deal Honduras is restricted from taxing “subsidized” U.S. agricultural products coming into its market.

Ag groups point out that the U.S. government does provide farm loan guarantees, some financial support for risk management programs--crop insurance and margin coverage--and disaster assistance.

The National Pork Producers Council was a strong proponent of the trade pact, which eliminated tariffs on U.S. pork exports to the DR-CAFTA countries. Last year, the U.S. pork industry shipped nearly $115 million of pork to Honduras.

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