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Ecuador: 15,000 Lose Jobs without European Union Trade Agreement

Article Summary:

Fifteen thousand people would lose employment in the first year if Ecuador does not sign a trade agreement with the European Union (EU), revealed one of the twelve findings of a study Ecuadorean Business Committee.

Photo Credit: America Economia

Original Article Text From America Economia via Google Translate :

About 15,000 Jobs Were Lost In Ecuador Without Agreement With The EU

Fifteen thousand people direct employment would be reduced the first year in Ecuador if you do not have a trade agreement with the European Union (EU) and mature plus GSP tariff preferences in 2013, revealed one of the twelve findings of a study Ecuadorean Business Committee on whether to sign an agreement with the bloc of 27 European countries.

The document was delivered yesterday to the Minister of Production, Santiago Leon, on a date reserved for that union.

Manabi, Esmeraldas, Los Ríos, El Oro, Cotopaxi, Bolivar, Orellana, Canar and Guayas provinces would be affected in production and employment generation product of the loss of competitiveness for the payment of tariffs in the EU, says the text.

On the side of the positive effects, the Committee believes that if we reach an agreement long-term trade, total imports of goods from Ecuador could increase by U.S. $ 217 million during the first three years of the agreement, which would bring the ability to create about 11 thousand new jobs.

Leaving the meeting, Leon said that he discussed with employers about the concerns you have added the productive sector and will analyze the text handed.

Ignacio Perez, president of the Association of Flower Producers and Exporters (Expoflores), who attended the meeting, explained that they have made known their fears and concerns, among others, the chancellor, “but Mr. Ricardo Patiño, obviously our understand not the best image in Europe, much less this time with a series of statements made by him and the bag (diplomatic) with drugs, etc. “.

Therefore considered that the presence of Leon, which he called technical, not political, is basic to the meeting with the EU.

Ruben Moran, Vice Minister of Production, clarified that the government cites the March 19 delegates present will not be productive, but not in the 20 with which European importers will try to organize a private party companies.

Trade . Exports: U.S. $ 2,627.8 million exported by Ecuador to the European Union in 2011, 16% more than in 2010.

Market: Germany and Spain were the main destinations of the block with $ 539.4 million and U.S. $ 306.9, respectively.

Trade balance 2011: U.S. $ 442.2 million for Ecuador.

Link to Original Article:

From Amercia Economia

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