Agreement between Ecuador and Mexico enters its last round

Published 2022년 10월 13일

Tridge summary

Ecuador and Mexico are in the process of finalizing a trade agreement, which has reached 99% completion. The agreement covers all areas except for the banana and tuna issues, which are under discussion. A forthcoming face-to-face meeting is scheduled to address these outstanding issues. The agreement does not hinge on the shrimp sector, and Ecuador is seeking a response from Mexico on its proposal for shrimp entry by quotas. In the meantime, Ecuador is exploring other markets for shrimp, such as Turkey, and is also looking to join the Pacific Alliance. The country is currently negotiating four trade agreements with Costa Rica, South Korea, and China, with the expectation that these will be finalized by mid-December.

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Original content

The trade agreement between Ecuador and Mexico enters its final stretch. Foreign Minister Juan Carlos Holguín announced that a face-to-face bilateral meeting would be held next week to make a "last round" and review progress. “Ecuador's treaty with Mexico is 99% agreed, the last negotiating tables closed the banana and tuna issues. There is a change in the Ministry of Economy, and this Friday we hope that the Mexican foreign minister will tell us how the matter is going," he said in Ecuavisa. Holguín recalled that the subject of shrimp continues to be an irritant, that by strategy they left it for last. Ecuador awaits a response from the Mexican government on its proposal for the entry of shrimp by quotas. In parallel, the Executive is working on other strategies. "We are opening free trade agreements, for example with Turkey, where shrimp could enter, compensation is given by opening other markets for each of the products," he explained. According to the foreign minister, ...

Source: Primicias