Ecuador preferential trade status questioned

South America

Tuesday, July 03, 2012

The U.S. Council for International Business (USCIB) said Tuesday it's urging the Office of the U.S. Trade Representative to deny Ecuador access to benefits of the Andean Trade Preference Act. “With Peru and Colombia now moving up to full Free Trade Agreement partner status, Ecuador is the sole potential recipient of ATPA preferences going forward,” USCIB said in a statement. “Yet, in recent years, the government of Ecuador has flaunted international and ATPA standards in key areas...

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