EC to Negotiate Trade Agreement in Ecuador

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Quito, Jun 11 (Prensa Latina) A delegation of the European Commission (EC), led by Director for Latin America Gustavo Martin and Chief Negotiator Gaspar Frontini, are expected to visit Ecuador next week.

  The visitors will negotiate with national authorities the real possibility to reach a Trade Agreement for Development between Ecuador and the European Union (EU) and, in case they do, agree on the timetable for following rounds of negotiations, according to a note from the Ecuadorian Foreign Ministry.

The will also discuss relevant aspects of the Memorandum of Understanding about Political Dialogue and Cooperation.

The negotiation team concluded the global assessment of texts agreed by Colombia and Peru with the EU, and the Ecuadorian government is preparing the national stand to be presented to the European delegation.

The negotiations of the Ecuador-EU Multi-party Commercial Agreement were suspended in July 2009 because at the moment two basic conditions for the Ecuadorian participation in the process were not met.

They were the need to reach a multilateral agreement within the World Trade Organization about the Ecuador-EU banana dispute and the advance of the negotiation of an Understanding with the European Commission on Dialogue and Cooperation.

On December 15, 2009, following a process led by Ecuador, Latin American banana exporting countries and the EU concluded the Geneva Agreement on Trade in Bananas, including terms leading to put an end to 16 years of legal disputes and negotiations with Europe.

Source: Prensa Latina

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