Ecuador and China to sign free trade agreement
Ecuador’s banana producers are delighted by the announcement by president Guillermo Lasso that the country will sign a free trade agreement with China after almost a year of negotiations.
Richard Salazar, executive director of banana exporter association Acorbanec, said the deal was “great news for the export sector in general, and bananas in particular. China is a potential market for the growth of banana exports”. No date has been set yet for the formal ratification of the deal.
Bilateral trade between the two countries accounts for an estimated US$10bn a year. Other fruits expected to benefit from the FTA include pineapples, mangoes, pitahaya and blueberries.
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