In Quito, the V Meeting of the Trade Committee of the Multiparty Agreement of the European Union was held. The results are favorable for Ecuador.
Ecuadorian companies that want to export their products to the European Union (EU) have a support program that already shows results. Both the Ecuadorian Federation of Exporters (Fedexpor) and the Corporation for the Promotion of Exports and Investments (Corpei) accompany companies wishing to take advantage of the current trade agreement.
According to the Deputy Minister of Foreign Trade, Diego Caicedo, 30 companies have been trained and have had a consultancy that has allowed them to implement a series of corrective measures to reach the European market. It aspires to be more companies that accede to this initiative and thus benefit from the trade agreement in force since 2017.
According to the Vice Minister indicated, the implementation of the trade agreement with the EU has been positive for Ecuador. Exports to that market between 2016 and2017 have grown by more than $ 300 million.
At a press conference in the framework of the V Meeting of the Trade Committee of the EU Multiparty Agreement, the official said that the figures reflect an increase of 12%. From January to November 2017, $ 2,913.77 million were exported and in the same period of 2018, the figure has already reached $3,006.91 million.
The main Ecuadorian products placed in that market are bananas, shrimp, canned fish, flowers, palm oil, cocoa, among others. However, Caicedo indicated that there is still ample space to increase the exportable supply of the country. He stressed that the participation of associations of the popular and solidarity economy has also increased.
Thenon-traditional products that this sector markets as uvillas or mellocos, are hosted in the block. Matthias Jorgensen, head of the Trade Unit for Latin America of the EU, stressed that relations with Ecuador have strengthened and that the Andean country has broken a record of exports to the bloc after the signing of the trade agreement.
“We are strengthening relations in the commercial and political sphere with Ecuador. We want to continue with this path to promote and support the insertion of the country in the global economy, “said the official.
The next meeting of the Committee is scheduled for 2019 in Colombia. (I)