Guatemala Reviews FTA with Ecuador

The Minister for the Economy is to initiate a consultation process with the private sector about the possibility of negotiating a free trade agreement (FTA) with Ecuador.

Tuesday, August 24, 2010

Guatemalan Minister for the Economy, Erick Coyoy, highlighted both countries' interest in negotiating the FTA.

The minister told Elperiodico.com.gt that, "we are still in the early stages, exploring opportunities for exchange, identifying potential products and consulting the private sector on the feasibility of an agreement with Ecuador".

More on this topic

Trade Agreement Between Guatemala and Ecuador In Effect

February 2013

Guatemala granted access to Ecuador for 614 tariff lines, of which 528 have immediate access. Ecuador gave Guatemala 677 tariff lines.

With the enactment of the Partial Agreement between the two countries, 595 Guatemalan products will enter the Ecuadorian market with a 100% tariff reduction.

Guatemala and Ecuador Sign Partial Trade Agreement

April 2011

It removes tariffs on 700 product lines over the next five years.

Coffee and banana were left out of the agreement, as these goods are considered "sensible" for both economies.

As part of the negotiation, the countries signed a mutual assistance treaty between their respective customs authorities.

TLC Guatemala - Ecuador in March

January 2011

Technical teams began the negotiation round and estimate signing the agreement next March.

The deputy economy minister of Guatemala, Raúl Trejo Esquivel, said negotiations began with the discussion of market access. Guatemala has sought registration of 200 tariff lines and Ecuador 500.

FTA Guatemala – Ecuador Advances

December 2010

The Economy ministries of both countries exchanged a list of products to trade.

Ecuador's ambassador in Guatemala, Vicente Veliz, said that estimate to conclude the agreement is April 2011.

The article at Prensalibre.com adds, "Among the items of interest to Guatemala from Ecuador, are metallurgies, textile, cardboard, candy and food.

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