WASHINGTON – United States Trade Representative Katherine Tai today met with Ecuador’s Minister of Production, Foreign Trade, Investment, and Fisheries, Sonsoles García.
Ambassador Tai and Minister Garcia reaffirmed their commitment to strengthening and deepening the U.S.-Ecuador economic and trade relationship under the administration of the newly elected president of Ecuador, Daniel Noboa.
Ambassador Tai and Minister García agreed that the U.S.-Ecuador Trade and Investment Council (TIC) should meet in Quito, Ecuador in 2024, prioritizing continued engagement under the Protocol on Trade Rules and Transparency. In addition, they agreed to convene an SME Dialogue focused on expanding trade opportunities for SMEs in both economies.
The Trade and Investment Council between Ecuador and United States was established in 1990 and updated in 2021 with the Protocol on Trade Rules and Transparency, and includes high-standard provisions on Customs Administration and Trade Facilitation, Good Regulatory Practices, Anticorruption, and cooperation among Small and Medium-Sized Enterprises.
Ambassador Tai and Minister García also discussed their shared ambition for the Americas Partnership for Economic Prosperity to improve regional collaboration and enhance resilient supply chains. They agreed to remain in close contact on this initiative and other shared trade priorities in the months ahead.