USCIB Opposes Giving Trade Preferences to Ecuador
The U.S. Council for International Business is "quite concerned" with the U.S. Trade Representative determination to maintain access to Andean Trade Preference Act trade preference benefits for the government of Ecuador, it said in a statement. "With Peru and Colombia…
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now moving up to full Free Trade Agreement partner status, Ecuador is the sole potential recipient of ATPA preferences going forward," it said. "Yet, in recent years, the Government of Ecuador has flaunted international and ATPA standards in key areas of rule-of-law and respect for arbitral awards." "It is inappropriate to reward the Government of Ecuador for its behavior in these key areas with preferential access to our market," USCIB said. "Ecuador should only obtain these benefits by coming into compliance with the eligibility criteria in the ATPA statute."