Trade Agreements Ecuador

The trade agreement offers greater protection of intellectual property rights for your imports and exports to and from Colombia, Ecuador or Peru. The agreement guarantees more transparent and simplified customs procedures to facilitate trade and reduce costs for businesses. The EU-Colombia-Peru-Ecuador trade agreement strikes a balance between harmonizing spS rules that facilitates trade and protects national hygiene rules and thus ensures that standards are not compromised. While technical rules are important, they can sometimes be barriers to international trade, which is a significant burden for you as an exporter. Technical rules define the specific design, labelling, labelling, packaging, functionality and performance characteristics a product should have to protect people`s health and safety and environmentally friendly standards. However, it can be costly for traders to meet different requirements in different markets. The agreement contains detailed provisions on trade facilitation (Annex VII). EFTA has four members: Iceland, Liechtenstein, Norway and Switzerland, which together have a GDP of more than $400 billion and a population of 12 million, representing the highest per capita income of any existing trade group. The official explained that immediate access was achieved with a 0% tariff for almost all of Ecuador`s export supply. Similarly, the Land has granted long discharge times to EFTA products, which depend on their sensitivity. He also stated that they had negotiated trade defence mechanisms to impose bilateral protection in the event of increased imports affecting local industry.

Partners monitor compliance assessment results from the relevant authorities and the conclusion of recognition agreements with certification bodies. This contributes to the harmonization of compliance assessment procedures between the two regions. The EU-Colombia-Ecuador-Peru trade agreement includes full or partial tariff liberalizations, substantial duty-free tariff quotas, the removal of regulatory or technical non-tariff barriers, and the introduction of trade facilitation measures, such as customs procedures. The trade agreement also liberalizes capital flows, investments and government procurement. Finally, and not least, the agreement obliges the parties to respect human rights, guarantee employment rights and ensure an adequate level of environmental protection. The EU, Colombia and Peru concluded trade negotiations in 2011. The EU-Colombia-Peru trade agreement was signed in June 2012. The agreement has been implemented provisionally with Peru since March 2013 and with Colombia since August 2013. Some sensitive products are subject to tariff quotas. This means that each year, only a limited amount of sensitive products can be exchanged duty-free.

The products for which tariff quotas (TRQs) apply to EFTA-Ecuador trade statistics, see the EFTA trade statistics tool Ecuador`s accession negotiations to the trade agreement with Colombia and Peru were concluded in July 2014. Ecuador`s accession protocol was signed in November 2016 and has been on an interim basis since 1 January 2017.