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Free Trade Agreement between Ecuador and China

Start Date: 01/05/2024
End Date: N/A

Description

International treaty between the Government of the Republic of Ecuador and the Government of the People's Republic of China establishing a free trade area and regulating market access for goods, progressive tariff reduction and elimination, rules of origin, customs procedures, trade facilitation, sanitary and phytosanitary measures, and technical barriers to trade. In the agri-food sector, the agreement includes specific provisions on agricultural trade, the prohibition of agricultural export subsidies between the parties, cooperation on domestic agricultural support measures, and the continued application of the Andean Price Band System to specified agricultural products. It also establishes origin certification procedures and cooperation commitments to facilitate bilateral trade. The agreement was approved by Ecuador's National Assembly on February 7, 2024, and entered into force on May 1, 2024.

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