Delegations continued their work in a constructive atmosphere on the basis of the results achieved in the fourth round, held in October in Geneva, Switzerland and from an important number of intersessional meetings.
Vice Minister Humberto Jiménez Torres and Minister Karin Büchel at the meeting in EFTA's headquarters in Geneva.
The negotiations on a Comprehensive Economic Partnership Agreement between the EFTA States and Ecuador were started in November 2016. Merchandise trade between the EFTA States and Ecuador reached USD 275 million in 2016. EFTA’s top exports to Ecuador include pharmaceutical products, chemicals, machinery and mechanical appliances.
In addition to the European Economic Area (EEA) and the Swiss-EU bilateral agreement, the EFTA States today have 27 concluded free trade agreements (FTAs) with a total of 38 partner countries worldwide.
Read more on trade statistics between EFTA and Ecuador.