“I do not doubt that it will remain active,” said industries minister, Ramiro Gonzalez, who has positive expectations about the future of the Generalized System of Preferences (GSP), a mechanism that allows the entrance of 609 duty free products to the United States.
On the other hand, the director of the Ecuadorian-American Chamber of Commerce (AmCham) in Quito, Cristian Espinosa, said that the GSP and the Andean Trade Act and Drug Eradication Act (ATPDEA) are due on July 31. “If it is not renewed immediately, it will be renewed later with a retroactive nature because it is not only for Ecuador but for many more countries,” he said. “How could they remove the GSP? …when we are with the Good Living plan for workers, to whom we have given adequate salaries, “he added.
However, Nathalie Cely, Ecuador’s ambassador in Washington, in an interview with CN Plus, said that an exclusion can be decided by the Government or by the U.S. Congress, as both have that power.
The GSP aims for developing countries to increase their export earnings, promote industrialization and accelerate their growth rates. Divides nations in developing countries and least developed. Ecuador is in the first category.