The government hopes to submit the request to the Canadian Parliament in September to begin negotiations on a trade agreement between the two countries, as detailed Monday by the Minister of Production, Foreign Trade, Investments and Fisheries, Julio José Prado.
After holding a remote meeting with Minister of International TradeExport promotion, small business and economic development in Canada, Mary NgPrado noted that this week The exploratory phase will end To determine Negotiation frameworkWhich started in February 2023.
In this sense, the Minister made it clear The negotiation will cover twenty-four specialties. He added, “We will leave everything ready for the new government to resume negotiations without wasting time.” This will be a very important trade agreement for our countryPrado stated.
For her part, the Canadian Minister ng He highlighted the leadership of Canadian companies, Major investors in the natural resources sector in EcuadorHe stressed Canada's interest in exploring new opportunities related to infrastructure projects.
🇨🇦The free trade agreement with Canada will include 24 specializations that will be negotiated. This month we will close the exploratory phase.
We will leave everything ready for the new government to resume negotiations without wasting time. This will be a very important trade agreement for our country. https://t.co/tLEIr6mi8D
– Julio José Prado (@pradojj)
June 19, 2023
After signing in May Trade agreement with ChinaNegotiation Free trade agreement with Canada It is one of the goals of Ecuador's trade policy for 2023 along with negotiations on a similar document with Dominican Republic and Panama.
the Exports from Ecuador It reached $32,658 million in 2022, which represents… 22.3% increase Compared to 26.699 million in 2021, according to data from the Ministry of Production, Foreign Trade, Investments and Fisheries.
the Ecuador's trade balance was positive, achieving a surplus of $2,324 millionImports worth $30,334 million were recorded last year, an increase of 27.3% over 2021.
