Fruits can expect an agreement to ‘travel’ to the US

Ecuadornews:

Toachieve the crystallization of a commercial agreement between Ecuador and the United States it will be positive for the export sector and for the creation ofemployment.

LarryYumibanda, president of the College of Economists of Guayas, believes that theagreement could be signed in three years, in 2021, to the extent that the twocountries maintain a fluid dialogue. “There is optimism to reach thedesired goal, because the two economies are complementary USA has theTechnology and Ecuador has raw materials.”

Other experts consulted by Diario EXPRESO think the same. From Washington the businessmen and authorities who traveled to participate in the Council of Trade and Investment (TIC) indicated that the meeting in itself is already an achievement that will benefit the trade of the two nations.

Theexecutive president of the Ecuadorian Federation of Exporters (Fedexpor),Daniel Legarda, said that the expectations of businessmen is that Ecuadoradvances in recomposing international relations and the appointment in the TICis the normalization of the link with US. He added that the inclusion of moreproducts in GSP tariff preferences, such as broccoli, tuna in sauces, etc., isexpected to be addressed. And the most important thing is to state theintention to work in a commercial agreement.

The benefits will be many. From the US capital and as part of the delegation that traveled, Ivan Ontaneda, cocoa businessman and president of the Fedexpor board of directors, said that the private public agenda in the TIC is historical, because it ends with the iron curtain in the international trade that there was for 10 years. “To the US goes more than 40% of Ecuadorian exports “. He stressed that companies that have businesses with US employ some 250,000 people. The numbers speak of the importance of strengthening trade.

Another benefit, if an agreement is signed, is that the sale of papaya, pineapple, avocado, uvilla, guanábana and taxo can be encouraged, according to Eduardo Egas, president of Corporación de Promoción de Exportaciones y Inversiones del Ecuador (Corpei). Although he stressed that the agreement would be the opportunity to boost agro-industry and not depend on the exchange of primary products only.

But on the way they can raise their voices who could be affected by the arrival of more products from the US. In that case there are mechanisms to compensate. The government can compensate because the profit that the commercial opening offers greatly exceeds the costs, said Federico Bocca, economist and manager of the Risk Qualifier Summa Ratings.

For Yumibanda, the signing of the trade agreement with the US can be the springboard to sign others, as with Canada and China.

Theprotagonists

PabloCampana

Minister

He is the Minister of Production, Foreign Trade and Investment of Ecuador, who is very optimistic in the commercial opening and working shoulder to shoulder with the private sector.

MaríaA. Reyes

AmchamGuayaquil

She is the executive director of the Ecuadorian American Chamber of Guayaquil. She was undersecretary of the Ministry of Commerce when Ecuador signed the trade agreement with the EU.

Ivanontaneda

Fedexpor

He is the chairman of the board of the Ecuadorian Federation of Exporters. Former president of the National Association of Cocoa Exporters. It promotes a joint work.

PabloArosemena

Commerce

He isthe president of the Federation of Chambers of Commerce of Ecuador, presidentof the Chamber of Commerce of Guayaquil. It promotes the internationalcommercial opening. (I)

Source: https://www.expreso.ec/economia/frutas-agricultura-comercioexterior-exportaciones-economia-LA2471159