Ecuador, Mexico move closer to trade deal in 9th round of talks


Quito, May 31 (IANS): Ecuador and Mexico made "substantial progress" toward a Productive Integration Agreement in the ninth round of negotiations held May 23 to 27 in Quito, the Ecuadorian Ministry of Production, Foreign Trade, Investment and Fishing said.

"The negotiating teams of both countries held high-level technical meetings in which significant progress was made with a view to closing the agreement," the Ministry said in a statement on Monday.

The latest round of talks addressed such issues as market access, rules of origin, sustainable fishing, commercial defence, institutional matters, and services and investment, Xinhua news agency reported.

Mexican President Andres Manuel Lopez Obrador and Ecuadorian President Guillermo Lasso urged for the talks to strengthen their respective economies by reaching a Productive Integration Agreement, the Ministry added.

Also attending the talks were Mexico's Deputy Minister of Foreign Trade, Luz Maria de la Mora and her Ecuadorian counterpart Daniel Legarda, as well as representatives from both countries' private productive sectors.

Negotiations began in 2019 toward the trade agreement, which will also pave the way for Ecuador to enter the Pacific Alliance trade bloc as a full member.

Comprising Chile, Colombia, Mexico and Peru, the bloc represents the world's eighth largest economy and 38 per cent of the gross domestic product of Latin America and the Caribbean.

 

  

Top Stories


Leave a Comment

Title: Ecuador, Mexico move closer to trade deal in 9th round of talks



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.