The progress of a possible trade agreement between Ecuador and Mexico is delayed

Published 2022년 12월 2일

Tridge summary

The article highlights the ongoing negotiation between Mexico and Ecuador for a trade agreement, aiming to provide mutual benefits, which is nearing completion with 99% progress. However, the discussion has hit a roadblock due to disputes over bananas and shrimp, with Mexican producers resisting the inclusion of Ecuadorian supplies in the market. Both countries have extended the deadline for their teams to draft a solution, but no decisions have been communicated yet, leaving the agreement's status uncertain. Ecuadorian business representatives are preparing to meet with government officials to discuss potential advancements in the talks.

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Original content

Last Thursday the official deadline that Mexico and Ecuador set for their negotiating teams to design "a proposal of benefits for both countries" expired, on issues related to bananas and shrimp, which today keep the closing of a trade agreement stuck. That is what is intuited when reviewing the joint statement that the President of Mexico, Andrés Manuel López Obrador, and his Ecuadorian counterpart, Guillermo Lasso, issued on November 24, in which they established extending the negotiation "one more week". The Ministry of Production of Ecuador has not issued any pronouncement on the subject, since the final resolution, as reported, is in the hands of the Mexican Government. This is because Ecuador presented a proposal in recent months to allow the entry of the exportable supply, which is key. Until the afternoon of this Friday, December 2, 2022, representatives of the National Chamber of Aquaculture (CNA) and the Ecuador-Mexico Binational Chamber of Commerce assured that they had ...

Source: Expreso