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Ecuador and China hold business round for a trade agreement

Ecuador, China, ronda, comercio
Quito, Jul 21 (Prensa Latina) Ecuador and China are holding the first business round for a trade agreement on Thursday. The meeting is being held virtually and will last until July 28.

According to the Ecuadorian Ministry of Production, Foreign Trade, Investment and Fisheries, the exchange of bilateral proposals for the texts of the chapters that the treaty will contain, as well as the positions in several disciplines of the negotiation, are taking place during this initial phase.

The calendar includes round tables on Access to Markets, Legal Provisions, Cooperation for Investment, Customs Procedures, Trade Facilitation and Rules of Origin.

The ministry announced that the talks on Sanitary and Phytosanitary Measures, Economic Cooperation, Technical Barriers to Trade and Commercial Defense, Electronic Commerce and Dispute Settlement are scheduled from July 25 to 27.

Official data indicate that the Ecuadorian non-oil exports to China reached 3.62 billion dollars in 2021 and totaled 2.34 billion dollars from January to May 2022, which implies a 109.7-percent growth compared to the same period of the previous year.