Mexico and Ecuador pact “pre-cut” a TLC

Mexico and Ecuador pactaron este viernes a pre-cierre of negotiations of a Free Trade Treaty (TLC) between employees, inform Julio José Prado, Minister of Production, Exterior Trade, Inversions and Pesca de Ecuador.

This pre-closing will take place during the seventh round of negotiations in the form of a presentation in the City of Mexico, which will be held in a definition round, with the provision of holding minor virtual technical meetings on specific issues and a new one soon. virtual, in which case the formal closure of negotiations will be announced later on in the first quarter of 2022.

Interviewed by The Economist, Prado informs that among the commodity products there is the atonement, the camaraderie and the plateau, in which Ecuador is competitive and has not been defined as being about these cups, export windows or more large-scale excavation programs. “We can consider the last round of negotiations on all aspects and only some technical elements, which are likely to be discussed in a final meeting, which will not be a series of negotiations, but a meeting to present and finalize” , dijo.

In all cases, the manufacturing sectors, including the automotive industry, agree on downgrading periods between 7 and 10 years. In other cases, there are minor periods, but no more than 10 years.

Of the 19 disciplines in which he works in the negotiations, 13 are located in his totality in the middle of this day, giving him pendants, with more than 90% advance in each of these last ones. It will be added that it is probable that in the course of this same day two others will be found. Between the pendants there is access to markets, commercial defense and rules of origin.

In addition to the TLC, Ecuador uses Mexico’s price to advance international standards in the financial services sector and it is like a national policy to open its market proposal and make specific reforms to its Finance Finance attract more inverse inversions.

“There are various legal barriers that will not allow the opening of the financial market and that will be closed in Ecuador, and we will be able to carry out a legal reform in line with the tax on Mexico, which is a new definition of what its financial groups and share capital allowed to invest in Ecuador ”, comments Prado.

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