Friday, March 31, 2023

Trade agreements with Chile and Canada

Trade Agreements With Chile And CanadaRemove. 26.Jul.(NE Agency). _ Ecuador ratified bilateral trade agreements with Chile and Canada to strengthen imports and exports and somehow improve the trade balance.

Chile and Ecuador maintain in force a Trade agreement since 1995. Ecuador imports from Chile products for the preparation of beverages, fresh apples, medicines, iron and steel, plastic manufacturers, grain derivatives, fertilizers and electrical machinery. Chile exports oil, bananas, canned fish, shrimp, leather goods, pineapples, bananas, cocoa and natural flowers from Ecuador.

The ratification of the agreement will allow the two countries to resolve technical barriers to access to markets, rules of origin, trade facilitation, commercial defence, good regulatory practices, sanitary and phytosanitary measures as well as trade in general for services . Other aspects involved in electronic commerce, telecommunications, public procurement agreements are competition policy, coordinating MSMEs, regional chain and global value chain; Trade and labor issues, trade and environment, trade and gender, and economic and trade cooperation.

The new government of Chile supports Ecuador’s entry into the Pacific Alliance to become an ally and then as a full member.

On the other hand, Ecuador and Canada agreed to strengthen commercial ties and establish a roadmap towards a free trade agreement. He also signed a Memorandum of Understanding between the Technical Secretariat of Public-Private Associations and the Representative Management of Ecuador and the Canadian Commercial Corporation. in order to promote economic development.

They reaffirmed shared values ​​such as strengthening democracy, respect for the rule of law, promotion of human rights, gender equality and protection of the environment. Canada also agrees with our country’s entry into the Alliance from the Pacific.

Nation World News Desk
Nation World News Desk
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