The delegation accompanying Minister Pablo Campana included Ambassador Diego Aulestia (Ambassador to the WTO) Ambassador Gonzalo Salvador Holguín (Ambassador of Ecuador to Switzerland), councillor Mr Juan Pablo Fernández Garzón and advisors Ms Valeria Escudero, Ms Gabriela Peñaherrera and Mr Carlos Cabreraand advisors, Ms Valeria Escudero, Ms Gabriela Peñaherrera and Mr Carlos Cabrera.
The EFTA States and Ecuador had previously held their third round of negotiations on a Comprehensive Economic Partnership Agreement (CEPA), from 3 to 6 July in Guayaquil, Ecuador.
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. EFTA imports mainly consist of fruits, cocoa, cut flowers and precious metals. Pharmaceuticals represent over 60% of EFTA’s exports to Ecuador while fruits represent 40% of Ecuador’s exports to EFTA. The stock of foreign direct investment in Ecuador’s economy originating from the EFTA States reached USD 678 million in 2012.
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