EUROPEAN AUTO-MAKERS LOOK FOR BOOST IN TRADE WITH ECUADOR FOLLOWING TRADE DEAL
November 1st, 2014
A FREE trade deal struck between the European Union (EU) and Ecuador should benefit European auto manufacturers with increased market access in Ecuador, the European Automobile Manufacturers Association (ACEA) has told wardsauto. In a statement, ACEA welcomed the inclusion of Ecuador into the Andean free trade agreement previously concluded by the EU with Peru and Colombia. It now looks forward to Ecuador completely phasing out its automobile tariffs, which are currently high and stand at 35% to 40%. These will be dismantled over the next seven years, eventually ...
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