Ecuador Joins EU, Colombia, Peru FTA

Posted by Sarah Lilly on 12/8/16 2:10 PM
On November 11, 2016 the European Commission released a press release announcing that Ecuador had joined the EU- Colombia/Peru Free Trade Agreement, after the Protocol of Accession of Ecuador was signed by EU Trade Commissioner Cecilia Malmström. 

According to the release, “The agreement will eliminate tariffs for all industrial and fisheries products, increase market access for agricultural products, improve access to public procurement and services, and further reduce technical barriers to trade.” 

Following the signing of the Protocol of Accession, the agreement will require the approval of the European Parliament before it can be implemented.

The notice can be accessed at: 

http://europa.eu/rapid/press-release_IP-16-3615_en.htm

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