Ecuador joins EU FTA with ANDEAN

Posted on: 22/11/2016

Ecuador has signed a trade agreement with the EU which will, according to the European Commission, open up markets on both sides while increasing stability and predictability for trade and investment in both directions.

It will also promote inclusive and sustainable development.

In signing the deal, Ecuador becomes the third member of the group known as the Andean Community to accede to the agreement, alongside Colombia and Peru.

Bilateral trade in goods between the EU and Ecuador was €4.6 billion in 2015. The EU exported €2 billion worth of goods to the South American country and imported €2.6 billion.

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