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.
The Preferential Trade Agreement Between MERCOSUR and India Consolidates Nearly Two Decades as a Pivot for South-South Cooperation
Since its implementation in 2009, this tariff instrument shared by Argentina, Brazil, Paraguay, and Uruguay has been key to diversifying the block’s export destinations and strengthening trade with one of the most dynamic economies in the Asia-Pacific.
