Ecuador European Union Trade Agreement

Juan Carlos Cassinelli, Ecuador`s Minister of Foreign Trade, said: “The agreement (link in Spanish) guarantees that 99.7% of Ecuador`s agricultural exports and 100% of its industrial and fisheries products arrive in the EU duty-free. It also allows us to preserve the Andean price band system, to think about agricultural protection measures, to support the solidarity economy and to protect the child industry,” he added. Are you looking for information on one of the EU trade agreements, including the rules of origin, and how to prove the origin of your product? Today`s agreement has the effect of adapting the EU`s relations with Ecuador to relations with Peru and Colombia. It covers products – fishing, flowers, coffee and other agricultural products are particularly important for Ecuador – but it also opens up some markets for services and public procurement for EU companies. The Commission believes that it will be the main benefit to European exporters of motor vehicles and beverages. After an interim phase, the agreement signed by the European Union (EU) and Ecuador came into force in November 2016 (link in Spanish). This officialisation was announced in the EU Official Journal. For EFTA-Ecuador trade statistics, see EFTA`s 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.

Ecuador will have access to the agreement on the basis of the principle of regional integration with the Andean Community. The agreement will remain open to the signature of Bolivia, the other member of the Andean Community. 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. Ecuador becomes the third of four Andean countries to conclude bilateral agreements with the EU. After Bolivia and Ecuador refused to sign a free trade agreement, the EU continued bilateral negotiations with Peru and Colombia. In April 2011, Colombia signed a text with the EU and the agreement with Peru is provisionally in force, although they are both awaiting ratification by the European Parliament. Meanwhile, Ecuador, which is defending an anti-FTA stance, continues to discuss a possible agreement with the EU. Ecuador`s accession to the agreement will provide the parties with new market access opportunities for some of their major exports.

These include cars, alcoholic beverages and machinery on the EU side, fishing, bananas, cut flowers and cocoa on the Ecuadorian side. According to the EU`s approach, the Association Agreement consists of three components: a free trade agreement, a cooperation agreement and a forum for political dialogue. However, the EU`s main concerns are clearly the free trade agreement and the opening of markets to European companies (including in the areas of `cooperation`). Today`s agreement must now be signed and ratified, an often lengthy process. However, Ecuador could expect that some of the benefits of the agreement could be enjoyed prior to ratification under a policy known as provisional implementation. The agreements with Peru and Colombia have yet to be ratified, but they have been implemented on an interim basis since 2013.