Ecuador Free Trade Agreements Us

The objective of Chapter 4 is to improve the legal environment for investors in EFTA and Ecuador countries investing in the other country`s markets. This objective is achieved by granting non-discriminatory establishment and operating rights (“commercial presence”) in economic sectors that are not covered by the trade in services chapter. In some economic zones, the contracting parties have enshrined national deposits in their national legislation on the basis of restrictions (Annex XV). The chapter is subject to periodic review in order to develop the obligations of the parties. The USTR`s notification letter to Congress identified the economic reasons for the negotiations. He said that a free trade agreement would help U.S. interests “… removing and removing barriers to trade and investment between Andean countries and the United States. The free trade agreement will also allow us to remove barriers to trade and investment in Andean countries…¬†According to the USTR, the combined markets for the four Andean countries have a gross domestic product (purchasing power parity) of $463 billion and a total population of 93 million people. (6) The notification letter also stated that a free trade agreement would give new impetus to the broader negotiations for a free trade agreement. These negotiations are still stalled, in part because of the differences between the United States and Brazil. There have been several important issues in the free trade negotiations. Negotiators said the main obstacles to reaching a comprehensive agreement on agriculture and intellectual property rights were the main obstacles.

Another major problem has been labour standards. Under notification procedures under the Trade Promotion Authority Act, trade agreements with Peru and Colombia could be voted on by Congress this summer. The narrow passage of the CAFTA-DR had been seen as an indicator that any free trade agreement between the United States and the Andes could also face considerable opposition. The impact on this calculation of the Bush administration`s decision to negotiate and submit separate free trade agreements with Peru and Colombia remains uncertain. This report is not updated. The last round of negotiations, involving the United States and the three Andean countries, was held in Washington from 14 to 22 November 2005. Subsequently, Peru and Colombia concluded bilateral free trade agreements with the United States and talks with Ecuador were postponed several times due to a number of differences.

Comments are closed.