The Undersecretary of International Economic Relations, Jose Miguel Ahumada, and the Deputy Minister of Foreign Trade, Daniel Legarda, announced that the ACE 75 Trade Integration Agreement between the Republic of Ecuador and the Republic of Chile had entered into force.
The Undersecretariat of International Economic Relations stated that "this agreement, which has a total of 24 chapters, was signed as a result of the interest of both countries in modernizing and deepening their existing bilateral relationship. It includes cutting-edge disciplines, typical of the 21st-century agenda and the digital age, incorporating additional standards in trade facilitation, regulatory aspects, services, and electronic commerce, among others, and incorporating new subjects with an inclusive approach such as gender, micro, small and medium enterprises, environment, labor issues, and regional and global value chains and productive chains, thus taking the bilateral relationship to the deepest level of integration. Both countries also made progress in trade liberalization."
"To achieve all this, the chapters include the creation of bilateral commissions that will be concerned with the implementation and follow-up of what is included in this new Trade Agreement, which once in force, will replace the Economic Complementarity Agreement ACE 65 Chile-Ecuador in its entirety."
"With the signing and ratification of this Agreement, both parties agree on the importance of the processes of trade opening and regional and global integration as tools for the economic and social development of the countries and strengthening of trade relations as a central axis of foreign policy."
Chile and Ecuador recognize the mutual efforts made to achieve this level of integration and reaffirm their confidence in transparent, non-discriminatory, and rules-based trade, in accordance with current international trade standards, which provides a clearer, more modern, and transparent legal framework.
Ecuador is the second destination market for Chilean fruits in Latin America. The main fruits sent to this destination are apples, which account for 66% of the total sent to Ecuador, pears, 13% of the total, table grapes, 12%, kiwis and cherries 3%, respectively, and oranges, 2%.
According to statistics prepared by ASOEX, Chile exported 76,777 tons of fresh fruits to Ecuador in the 2020-2021 period, registering a nearly 3% year-on-year increase.