The Ecuadorian Government also aims to specify the entry of Ecuador to the Pacific Alliance until May 24 of next year.
Ecuador hopes to sign the agreement with Mexico in the first quarter of 2022. This was confirmed by Francisco Briones, Undersecretary of the Cabinet of the Presidency of the Republic, during a discussion in Guayaquil.
“We hope that for January the agreement with Mexico is finished negotiating, February or March sign it and then the National Assembly can approve it, ”Briones said.
With this country, negotiation rounds to reach an agreement began in 2019.
Briones added that it is estimated that, until May 24 of next year, the date on which the first year of the government of President Guillermo Lasso is fulfilled, the agreement with Mexico has been signed and approved and the entry into the Pacific alliance.
Ecuador receives support from Mexico to join the Pacific Alliance
The Cabinet Undersecretary also announced that, in the first two months of 2022, the first President is expected to visit Panama, France and China. With the first country, the objective of the trip is to discuss a Free Trade Agreement (FTA); with France, on the other hand, it is to address the issue of investments and with China, to get to sign the terms of reference for a TLC with that nation.
The government spokesman He said that trade openness is what will allow the rescue and repowering of productive sectors, such as agriculture. “Achieve a treaty with China or Central America It will allow us to rescue agriculture and all those products that are getting stuck due to lack of competitiveness ”, he said.
Achieve free trade agreements with the world’s top 10 economies, Guillermo Lasso’s priority
Another benefit of achieving signing agreements, he indicated, is to lower production costs due to the arrival of raw materials and inputs at a lower cost. At the same time, Briones affirmed that the Government is working on matters of competitiveness, labor issues and simplification of paperwork for the entire productive sector. (I)
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