Ecuador: Pitahaya or blueberries will go to China's Alibaba's electronic hangers

Published 2024년 2월 29일

Tridge summary

Ecuador and China have signed a free trade agreement (FTA), marking the first FTA between China and a Latin American country that includes an e-commerce chapter. The agreement is expected to benefit Ecuador's micro, small and medium-sized businesses by allowing trade of smaller volumes of goods and lower tariffs on cross-border e-commerce sales. The FTA also includes provisions for authentication and electronic signatures, online consumer protection, paperless commerce, data innovation, and promoting SME participation in e-commerce.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Not only on supermarket shelves. Ecuadorian products will also reach Chinese e-commerce platforms, after the signing of the trade agreement with the Asian country. The free trade agreement (FTA), which is about to come into force after the approval of the National Assembly, on February 7, 2024, and the ratification by Daniel Noboa a week later, emphasizes electronic commerce between both nations. (We invite you to also read: The National Assembly gives way to the trade agreement between Ecuador and Costa Rica) This is the first FTA of a Latin American country with China that includes an electronic commerce chapter, said the Ministry of Production, Foreign Trade, Investment and Fisheries. China is the leading e-commerce market on a global scale, with a money movement of $862.6 billion in 2019 and is expected to reach $1,556.2 billion in 2024. The largest company is Alibaba, which has various platforms such as Tmall, Taobao, and AliExpress, created for different segments. What ...

Source: Expreso