According to the Ministerio de Producción Comercio Exterior Inversiones y Pesca, the agreement provides the access to the Chinese market for 99,6% of the current Ecuadorian goods in immediate or under 10 years tax relief baskets, leveling the access conditions of the Ecuadorian goods other neighbor competing countries have (Peru and Central America). Additionally, aspects related to the cooperation for investments, electronic commerce, competence, and economic cooperation were negotiated.
Ecuador Commemorates the Second Anniversary of the Free Trade Agreement with the People’s Republic of China
Two years into the implementation of the FTA, bilateral trade between the two nations has consolidated its upward trend, positioning China as a fundamental strategic partner for Ecuador’s exportable offerings.
