Economy 09-11-2018

Ecuador and the US will begin talks for a free trade agreement

Ecuador and the United States will begin dialogues next week with a view to signing a trade agreement between the two countries, informed the Ecuadorian Foreign Trade Minister, Pablo Campana.

"We have an intense agenda with the private sector and the North American public sector (...) It will be discussed, including what could be a schedule or agenda for what would be a strengthening of commercial relations through a fair and equitable trade agreement. "Campana told reporters.

Campana added that he will travel to the United States and that as part of the agenda will be evaluated various sensitive issues for the commercial relationship, including investment issues, intellectual property and agreements acquired in previous administrations, which will be "unlock", but did not give more details

After a cooling of relations between Ecuador and the United States during the presidency of Rafael Correa (2007-2017), they have resumed with the government of President Lenin Moreno.

Thus, last month the Ecuadorian Government and the Office of the Trade Representative of the United States agreed to put the Trade and Investment Council back into operation, which is the main forum for dialogue between both countries in which the main issues of the bilateral relationship in trade, investment and cooperation.

The US is Ecuador's main trading partner.

Last year Ecuador's exports to the US totaled 6,057 million dollars, while imports from that country totaled 4,532 million dollars.

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