Ecuador became the fourth Latin American country to sign a trade agreement with China, which since last year displaced the United States as its main non-oil trading partner.
Ecuador and China will sign a trade agreement between the two countries on May 10, the signing of the treaty will be done virtually in simultaneous ceremonies in Quito and Beijing.
Korea and Ecuador began their ninth round of talks on the establishment of a bilateral free trade deal.
The deal focuses on goods exports, plus facilitating discussions on best practices for gender-related issues in trade, workers’ rights, environmentalism and corporate responsibility.
A Free Trade Agreement between Ecuador and Canada is not in the interests of Indigenous peoples, territories or the environment. The FTA will only be another instrument of corporate power, wielded by the national elites to deepen the rationale for devastation.
China has concluded free trade agreement (FTA) negotiation with Ecuador, and the two sides will continue following works involving legal document review, translation, and implement domestic procedures needed by each country to sign the FTA as soon as possible.
Controversial ISDS provisions are trumpeted for protecting Canadian foreign investments, but are panned for allowing companies to sue countries.
Ecuador President said the country has sealed a free trade deal with China, an agreement expected to increase exports and boost growth in the South American country’s industrial sector.
Canada has been negotiating a trade agreement with the Pacific Alliance, which includes Chile, Colombia, Mexico, Peru and soon Ecuador, since 2017
South Korea and Ecuador on Monday began an eighth round of talks on the formation of a bilateral free trade deal, Seoul’s trade ministry said. If the deal is reached, South Korea will be the first Asian country to have a free trade agreement with Ecuador.
The US and Ecuador have agreed to explore expanding a protocol on trade rules and transparency that went into effect in August 2021.
For Ecuador, reaching an FTA with Costa Rica is key in its strategy to consolidate the country’s position in the Central American market where it already has trade agreements with Guatemala, Nicaragua and El Salvador.
South Korea and Ecuador began a seventh round of talks on the formation of a bilateral free trade deal, the trade ministry here said.
Ecuador’s Production, Trade, and Investments Minister Julio Jose Prado announced that the administration of President Guillermo Lasso seeks to achieve a free trade agreement (FTA) with China this year.
Colombia’s President-elect and US Ambassador to Bogotá met to discuss common goals with the incoming administration which might include renegotiating the Free Trade Agreement signed ten years ago between the two countries.
South Korea and Ecuador will resume official talks on the formation of a bilateral free trade deal Monday after a six-year hiatus, Seoul’s trade ministry said.
Ecuador and Mexico made "substantial progress" toward a Productive Integration Agreement in the ninth round of negotiations held May 23 to 27 in Quito.
The Presidents of Ecuador and Uruguay exchanged views on ”the possibility of starting to deal with a bilateral trade agreement.“
Ecuador expects to pull together a trade deal with China at the end of this year and will begin formal debt re-negotiations with the Asian country.
China and Ecuador are actively exploring the negotiation of a free trade agreement and have completed a feasibility study on the issue.