Skip to main content

ES / EN

Ecuadorian business associations ask the U.S. to consider the country for a trade agreement
Tuesday, April 1, 2025 - 12:00
Foto Acorbanec

Fedexpor and Amcham sent a letter to the Office of the United States Trade Representative (USTR).

The Ecuadorian Federation of Exporters (Fedexpor) and the Ecuadorian-American Chamber of Commerce (Amcham) sent a letter to Ambassador Jamieson Greer of the Office of the United States Trade Representative (USTR) seeking consideration by the Trump administration for a trade agreement.

The initiative is part of the efforts promoted by the Ecuadorian and U.S. private sectors to join the list of countries with which the U.S. could initiate trade negotiations, according to a statement released by the business associations.

The text highlighted the expansion opportunities that can be realized for Ecuadorian and North American companies in terms of investment and trade, as well as promoting better business conditions, mutual prosperity, and job creation.

The text highlighted the expansion opportunities that can be realized for Ecuadorian and North American companies in terms of investment and trade, as well as promoting better business conditions, mutual prosperity, and job creation.

The unions hope that Ecuador will benefit from the America First Trade Policy, under which the USTR will identify countries with which the U.S. could negotiate bilateral trade agreements and will also order a review of unfair and unbalanced trade practices.

In this context, the Fedexpor and Amcham business leaders argued that Ecuador "has established itself as a highly complementary trade partner with the United States."

Felipe Espinosa, executive president of Amcham, noted that the United States is Ecuador's main trading partner. U.S. companies have been operating in Ecuador for many years, and there is potential to increase economic and trade relations and investments in strategic sectors.

He emphasized that it is necessary to take advantage of the current good relationship between the governments of the two countries, which has served as a bridge for cooperation in matters of security and the fight against organized crime.

Along the same lines, Felipe Ribadeneira, CEO of Fedexpor, emphasized that Ecuadorian exports to the U.S. have a growth potential of $300 million, with products that complement the supply in that market. Meanwhile, imports allow Ecuador's productive sector access to machinery, technology-intensive equipment, and services.

 

Autores

el universo