Ecuador is one of the countries to have benefited the most from the trade agreements that the states of the region maintain with the European Union, since the treaty that has already served five years has represented a growth of 0.16% of the gross domestic product (GDP) in the years of application of the agreement, a figure that exceeds those experienced by Colombia or Peru.
Bananas are the prime Ecuadorian non-oil export product in the EU. According to figures from the Central Bank of Ecuador, in January and February of this year the country sent $183 million worth of fruit to that block.
Meanwhile, in the specific case of the bilateral relationship between Ecuador and Spain, Carla CohÃ, Economic and Commercial Counselor of the Embassy of Spain , analyzed the impact of the trade agreement from that perspective. He indicated that after the implementation of the agreement with the EU, Ecuador reached a record in its bilateral trade with Spain, which is also very balanced, with a coverage rate (the percentage of exports that are covered by imports) of 99.9%. .
Source: ecuadortimes.net