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Negotiations for a trade agreement between Ecuador and four European countries conclude
Posted On 26 Apr 2018
Ecuadornews:
Ecuador concluded negotiations on Wednesday for a new trade agreement with four European countries, members of the European Free Trade Association or European Free Trade Agreement (EFTA), made up of Switzerland, Norway, Iceland and Liechtenstein.
The announcement, made this morning by the President of the Republic, Lenin Moreno, through his Twitter account, states that the agreement will allow “99% of our exports to enter duty-free.”
The message presents the Minister of Foreign Trade and Investment, Pablo Campana, talking about the issue in Brussels. The official indicates that in “a community of twelve and a half million inhabitants who value our products”, they will enter the EFTA community with zero tariffs.
It is great news for exporters, producers and workers because they will surely generate good sources of employment where the beneficiary will be the large, medium and small entrepreneur, as well as the entrepreneur, the new exporter, the popular and solidary economy, the artisans of the country said Campana.
At a press conference, the minister said that foreign policy is “to bring Ecuador closer to the world, in a globalized era Ecuador has to integrate and look for new markets, we have to keep growing in sales”.
For its part, the technical manager of the Ecuadorian Federation of Exporters, Javier Rosero, said the agreement is great news because it has found “an important market niche for Ecuadorian products that have organic certifications in which Ecuador excels.”
Among the main Ecuadorian products that interest EFTA are tuna, bananas, shrimp and fresh roses, among others.
EFTA has commercial agreements with some 35 countries and with the European Union. (I)
