Cuba and Ecuador Sign Trade Agreement
Cuba and Ecuador signed an agreement in Quito that extends the one already in place on bilateral preferential customs duties by choosing 400 items from each country which will incur no duty.
Source
ACN
Date
Cuba and Ecuador signed an agreement in Quito that extends the one already in place on bilateral preferential customs duties by choosing 400 items from each country which will incur no duty.

Cuban and Ecuadorian Deputy Foreign Trade Ministers Orlando Hernandez and Julio Coleas, respectively, where in charge of the signing of the agreement in the presence of the Cuban Ambassador to Ecuador Benigno Perez and their respective delegations.

This agreement fulfils the commitment made by Ecuadorian President Rafael Correa during his visit to Havana last January, reported Prensa Latina news agency.

On this occasion, both countries gave each other preferential customs duties and established the coordination mechanisms in order to assure their products have an entry to their respective destinations.

The new agreement establishes facilities in the origin regime, along with other dispositions in the settlement of disputes and phytosanitary measures, all of which improves the conditions for commercial exchange.

It also boosts the Administrative Commission of the agreement, in a way that can promote the reciprocal knowledge of the businessman in both countries.