They analyze the perception of trade between Ecuador and Mexico

A trade agreement between the two countries would be well received.

This Thursday a study was presented on the perception that is had in Ecuador and Mexico of the products of each country, and its possible arrival to the other if a commercial agreement is reached between both.

The report, developed by the consulting firm Advance and explained by its founder, Luis Pastor, indicates that 86% of Ecuadorians have a good-very good opinion of Mexican products, while the. 72% think the same about products from Ecuador.

In addition, 58% of Ecuadorians consider that they are of good quality, compared to 30% from the Mexican side.

Finally, 84% of Ecuadorians believe that a trade agreement between both states is a good idea and 79% would be willing to buy products from that origin. In Mexico, 64% support the agreement and 54% say they could buy imported products from Ecuador.

Currently the negotiations of the agreement between the countries have nine negotiating tables already closed, an advance of 78% in another 12 months and the telecommunications issue is pending, according to the Ecuador-Mexico Binational Chamber of Commerce, led by Alexandra Mosquera.

“In the trade agreement with Mexico, 11 sensitive Ecuadorian sectors have been identified. The Government has indicated that it would take on the challenge by strengthening these sectors by identifying productive chains and opening up other markets, ”the chamber indicates in its presentation.

Luis Naranjo, head of economic analysis and foreign trade at the Quito Chamber of Commerce, added in his presentation that the negotiations would end this November.

The trade balance between the countries reflects that Ecuador sends 0.8% of non-oil exports to the North American country. While 3.6% of non-oil imports come from Mexico.

The Quito Chamber of Commerce also mentioned that the three main Ecuadorian products with the potential to reach or grow in this market are: frozen shrimp and prawn, crude palm oil and preparations and preserves, among others.

The agreement with Mexico, one of the 15 largest economies in the world, would also be part of the necessary framework to be part of the Pacific Alliance.