Nicaragua - Ecuador Trade Agreement Approved

Nicaraguan Rum, cigars, seafood, honey, vegetables, beans, timber, medicines and wood furniture will be allowed into Ecuador with preferential tariffs.

Thursday, February 23, 2017

From a statement issued by the National Assembly of Nicaragua:

With 83 votes the National Assembly approved, on February 22, a Partial Agreement between Nicaragua and Ecuador that will allow the exchange of tariff preferences and the elimination of non-tariff restrictions on imports of a variety of more than 30 products from both countries.

Deputy Jose Figueroa, Member of the Committee on Foreign Affairs, said the agreement "is called a partial scope agreement, because it is not a Free Trade Agreement (FTA's include all of the goods and services of the products of each country) in the case of Nicaragua and Ecuador, only a list of products is included. This agreement, on the other hand, removes all the tariff and non-tariff barriers to facilitate and promote trade between the two countries."



More on this topic

New Nicaragua - Ecuador Chamber of Commerce

March 2018

Entrepreneurs from the South American country are interested in exporting appliances, seafood and wood products to the Nicaraguan market.

The goal of the Nicaraguan-Ecuadorian Chamber of Commerce, Industry and Commerce (Caniec) is to take full advantage of the partial scope trade agreement signed by both countries last year. 

Ecuador - El Salvador Trade Agreement

July 2017

Flowers, white goods, ceramics, leather products and cocoa products are among the list of 207 Ecuadorian products that will enter El Salvador with tariff preferences.

The agreement creates tariff preferences for 207 subheadings, which represent 92% of exports to El Salvador.  They will enter without paying any fees. This translates into the growth of 20% of Ecuador's exports. 

Nicaragua - Ecuador Trade Agreement

July 2016

The partial scope agreement establishes that sales will not be made using quotas, but based on a list of goods approved by both countries.

The Nicaraguan business sector expects to capitalize on the marketing of products such as rum, cigars, motorcycles assembled in Nicaragua, timber and manufactured goods, and beans, among other things.

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.

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