Ecuador to begin negotiations to join Mercosur, after reaching accord with the EU

Posted on Actualizado enn

“The strategy is to begin negotiations with Mercosur which will take eight to ten months and in that time we expect to have closed the trade agreement with the EU”, said Correa who anticipated that talks with Europe will not be under the free trade agreements scheme which does not take into account the asymmetries between economies. “The decision is to notify Mercosur that we have started negotiations for the incorporation protocol, plus requests such as the possibility of easing non tariff barriers to improve exports and make the common external tariff more flexible”, added the Ecuadorean president.

He said that in the negotiations referred to the common external tariff there are some exceptions contemplated which are crucial for Ecuador, particularly referred to capital goods and inputs. Ecuador will also ask Mercosur to make more flexible the chapters referred to norms of origin and sensitive products, and on the South Bank investments and the Convergence Fund from the block, “particularly for the development of the so called “Manta-Manaos” axis which should help interconnect the Pacific and Atlantic oceans through the Amazon. Leer el resto de esta entrada »