Peru and Ecuador expect to remove trade barriers next week

Peru and Ecuador will meet next week in Lima to seek ways to remove trade barriers to the entry of Peruvian products, said Monday Peruvian Foreign Trade and Tourism Minister Mercedes Araoz.

“On July 3rd or 4th, Ecuador’s Minister Coordinator of Production Susana Cabeza de Vaca, and Ecuador’s Vice Minister of Foreign Trade and Integration Eduardo Egas, will be coming to Lima to discuss this topic," she told Andina News Agency.

Both Peru and Ecuador governments will discuss the resolution Nº466 took by the Foreign Trade and Investment Council (Comex I) on January 19, to authorize the general and non-discriminatory application of a safeguard measure on imports to protect the Balance of Payments from all countries.

This resolution includes countries having current trade agreements with Ecuador that recognize customs preferences such as Peru’s case.

Araoz said that last Friday Peru’s Prime Minister Yehude Simon and Vice Minister of Foreign Trade Eduardo Ferreyros traveled to Quito in order to attend a preliminary meeting with those authorities to find a solution to this subject.

“We wish to study and analyze deeply the subject, and negotiate the measures to be adopted, to avoid damages to Peru or Ecuador”, she emphasized.


Source: andina.com.pe

Publication date: 1/27/2009

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