The Canadian government has approved the formal opening of negotiations on a trade deal with Ecuador on Thursday (14). This corresponds to the interest in greater economic and trade integration in the two countries’ markets. According to Ecuador’s Ministry of Production, Foreign Trade, Investment and Fisheries, negotiations are expected to begin in March 2024. Canada is the eighth largest destination for the Andean country’s non-oil exports. The Government of Ecuador emphasized that the South American country will help the South American country better participate in global value chains, promote export diversification, increase the added value of its export offering, strengthen trade and cooperation relations, and provide greater access to maintain new technologies. To attract more investment.
2,000 products from Ecuador’s export concession will benefit from tariff reductions as a result of the trade agreement. In addition, around 40,000 new jobs will be created in the local export sector, particularly in micro, small and medium enterprises, and in the national and solidarity economy. “The trade policy promoted and implemented by the government aims to increase Ecuadorian exports to create jobs and strengthen the national economy, focusing on the inclusion and greater participation of minority groups in the Ecuadorian economic cycle,” emphasized the Minister of Trade. , Sonsols Garcia.
© 2009 – 2023 agency latinapress News & Media. All rights reserved. All content on this website is protected by copyright. Reproduction and distribution permitted only with the prior written permission of IAP. Articles and reader reports marked by name do not necessarily reflect the opinion of the editorial board. For submissions and comments, please use the contact form.
“Communicator. Entrepreneur. Introvert. Passionate problem solver. Organizer. Social media ninja.”
More Stories
Mike Field, Canada, Top of the Charts: May 10 8pm, Kulturjwachas Birkenried EV, story
Will Harry's visit to Great Britain stress William and Kate?
US Supreme Court refuses to hear Elon Musk's dispute over SEC settlement