Will Ecuador & Mexico Be Able to Strengthen Trade?
International Trade Partner Francisco Sánchez was interviewed by The Dialogue's Latin America Advisor about a potential trade deal between Ecuador and Mexico. During a recent meeting between President Guillermo Lasso of Ecuador and Mexican President Andrés Manuel López Obrador in Mexico City, Lasso reiterated Ecuador’s interest in developing a trade deal between the two nations, emphasizing the number of important Mexican companies that operate in various sectors in Ecuador. "Beyond the economic benefits, this deal represents part of a larger opportunity for Ecuador on the regional stage,” said Mr. Sánchez. He also discussed how the pact would be a positive economic step for both countries.
"For Mexico, it would mean readier access to an eager market that already imports almost $600 million worth of Mexican goods annually. For Ecuador, an agreement would mean greater competitiveness for its agricultural products in Mexico through lowered tariffs."