(Trade Issues with U.S.) Ecuador has twenty months to seek alternative to ATPDEA

Posted on October 15, 2011 • Filed under: Business, Economy, Ecuador, United States

Although the export sector sees as positive the renewal of the Andean Trade Preferences Act (ATPDEA), the concern now is how to prepare for this system, once completed in July 2013 definitely. “It is gratifying to know that at least we have this extension until July 2013, which gives us almost two years to achieve as a country, a business relationship with the United States more extensive and long term by negotiating a trade agreement with them, “said Javier Diaz, CEO of Industrial Textiles Association of Ecuador. The textile sector exports more than 300 sub items to the United States, said Diaz. He also said that in recent years, the products exported under the ATPDEA, have been declining to the point of focus a few, which includes nylon stockings. Read Article

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