Ecuador already signed a phase one agreement with the United States in December 2020
Approaches with the United States to sign a final bilateral agreement with Ecuador, after achieving an agreement Phase I agreement In December of last year, they continued.
This first agreement, unlike the commercial treaty, did not require approval by the US Congress or the Ecuadorian Assembly; And it was implemented by United States Bureau of Commerce (USTR). In addition, it has collected just four chapters that would serve as a frame of reference for negotiating with the United States a broader trade agreement that would require legislative approval.
In this context, the Minister of Production, Foreign Trade, Investment and Fisheries, Ivan Ontaneda On Monday he met, practically, with staff Republican Senators Ted Cruz s Rob Portman; From Texas and Ohio respectively.
The epidemic does not stop us. Hypothetically, we pursue a critical agenda for integrating Ecuador into an increasingly globalized world, and maintaining a sustainable and productive economic model. #EEUU A strategic ally to achieve this goal. # Open to the world🇪🇨🇺🇲 pic.twitter.com/rC9Ng6ruk4
– Ivan OntanedaBro (@IvanOntanedaB) March 22, 2021
Consolidating the relationship with the United States is a goal that goes beyond changing the government. That’s why I met him staff From Republican Senator Rob Portman and Ted Cruz, asking for their support in reaching a comprehensive trade agreement. They have expressed their interest in this agenda, ”said Onentaneda after meeting with the teams in the morning.
The phase one agreement between Ecuador and the United States does not require legislative approval
In the afternoon he had planned another meeting with the Senator’s Democratic team Stephen Cohen Tennessee.
Meanwhile, the minister confirmed that in 2020 around $ 3.2 billion In non-oil products, growth 19% Compared to 2019, he shed light on the micro, small and medium enterprises, which he emphasized that they constitute 82% From the non-oil business fabric that is exported to that country.
OneTaneda announced that this week will be crucial for the consolidation of the trade relationship between Ecuador and the United States.
