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El Salvador and Ecuador Near Trade Agreement

Article Summary:

El Salvador and Ecuador signed a general framework for negotiations of an Agreement of Economic Contemplation, which aims to improve bilateral trade relations between the two countries.

Photo Credit: Prensa Libre

Original Article Text From Prensa Libre via Google Translate :

Discuss partial agreement

El Salvador and Ecuador signed a general framework for negotiations of an Agreement of Economic Complementation Partial Scope (AAP), which aims to improve bilateral trade relations, the Ministry of Economy (Minec) of El Salvador.

The purpose of the agreement is “encouraging further development of bilateral trade relations and contribute to complementarity” of both nations Minec said in a statement, without specifying who and where they subscribed.

The agreement opens the door to increased trade in products of interest between El Salvador and Ecuador, through the granting of tariff preferences for exports and the definition of a legal framework that provides predictability in export transactions, among others, reported Director of Trade Policy Minec, Carlos Moreno.

Will also provide a dispute resolution mechanism to provide protection to domestic enterprises from both sides, if that increases in imports would generate negative impacts on them, said the bulletin.

Link to Original Article:

From Prensa Libre

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