Free Trade Agreements (FTA) of Ecuador -
Free Trade Agreements (FTA) of Chile
Course summary Economic Complementation Agreement Nº65 between the
Chile and Ecuador
In 1994, Chile and Ecuador signed an Economic Complementarity Agreement(ACE N˚32), whose objective was to create an expanded economic space between
the two countries.
On 25 January 2010, the ACE N˚65 entered into force, replacing ACE N˚32
and including chapters on trade in services, investment and modernization of the
dispute settlement mechanism.
The objectives of Chile Ecuador Economic Complementarity Agreement (ACE N˚32),
as elaborated more specifically through its principles and rules, including
national treatment, most favored nation treatment and transparency, are the
following:
- Strengthen economic and trade relations between the Parties, and encourage
expansion and diversification of trade between them;
- Remove barriers to trade and facilitate cross-border movement of goods and
services between the Parties;
- Promote fair competition in trade between the Parties;
- Create effective procedures for the implementation and enforcement of this
Agreement, for its joint administration and to prevent and resolve disputes;
- Establish a framework for further cooperation between the Parties, as well as
regional and multilateral, to broaden and enhance the benefits of this
Agreement;
- Substantially increase investment opportunities in the territories of the
Parties, rendering an intensive use of its markets and strengthen its
competitiveness in world trade.
Ecuadorian products they had greater involvement in Chile's imports (total
imports) were: "shrimp", "palm" and "banana".
Trade Chile - Ecuador (Million USD)
- Exports: 474
- Imports: 765
- Trade Balance: -292
Economic Complementation Agreement Nº65 between Economic
Complementation Agreement Nº65 between the Chile and Ecuador (Spanish)
Educational level: Continuing education / Executive education programs.
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