An agreement in troubled times
President Daniel Noboa received this week the crown prince of Abu Dhabi, Kaled bin Mohamed bin Zayed Al Nahyan. The official visit, shorter than expected, culminated with the signing of a Comprehensive Economic Partnership Agreement between both countries.
The pact seeks to strengthen trade and investment. It also includes mechanisms for cooperation in security and the fight against corruption.
“The agreement will allow a wide range of national products to enter the Emirati market with zero tariffs,” stated the Ecuadorian authorities.
Beyond shrimp and roses
The Emirati delegation arrived in Quito with a strong security deployment. The context could not be more complex: the recent military offensive against Iran has increased tension in the region.
Despite the geopolitical climate, negotiations continued. The result: the liberalization of 75% of the Ecuadorian products negotiated.
Among the beneficiaries are shrimp, roses, bananas, cocoa and processed tuna. For Ecuador, this means an open door to a market with great growth potential.
It is a commitment to diversify allies in an increasingly fragmented world. Time will tell if this agreement manages to boost exports as expected.




