Extension of the Guatemala - Ecuador Trade Agreement

The first round of negotiations began in the South American country to expand the list of products already traded in the framework of the agreement that has been in force since 2013.

Tuesday, March 26, 2019

The agreement that entered into force on February 19, 2013, has allowed immediate access to 593 products with 100% tax relief. In addition, it reduces tariffs on 84 products between 20% and 100% over 3 and 7 years, informed the Guatemalan government.

See "Trade Agreement Between Guatemala and Ecuador in Effect"

From the Ministry of Economy of Guatemala statement:

Guatemala, March 25, 2019. With the objective of expanding foreign trade flows between Guatemala and Ecuador, the First Round of Negotiations for the Expansion and Strengthening of the Agreement on Partial Scope of Economic Complementation began this Monday in Quito, where technicians from both nations will seek to close the agreement that would allow the two countries to become important investment partners in the medium or long term.

The negotiations, which take place in the facilities of the Universidad Andina, are based on the Partial Scope of Economic Complementation Agreement in force since February 19, 2013 and it is expected that at the conclusion of the round on March 29, the list of products already traded in both markets will be further expanded.

Read full article (In Spanish).

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

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