WASHINGTON (UrduPoint News / Sputnik – 02nd November, 2022) The United States and Ecuador agreed on Tuesday to ascertain a Fair Trade Working Group and to discover negotiations on digital commerce, labor, and atmosphere, based on an announcement launched by US Trade consultant Katherine Tai.
“The leaders agreed to establish a Fair Trade Working Group and explore potential negotiations on labor, environment, and digital trade. In addition, Ambassador Tai and Minister Prado agreed to consider possible sectoral approaches in future engagement,” based on the assertion.
The settlement comes after a gathering between Tai and Prado in Washington final Friday.
“The protocol is a centerpiece of the bilateral work achieved under the Trade and Investment Council (TIC) and new negotiations intend to pursue a worker-centered trade policy that fosters greater trade, investment, and cooperation between both countries,” the USTR mentioned in its assertion.
The sides additionally agreed to carry a brand new Trade and Investment Council assembly within the first half of 2023 to evaluation developments.
The Trade Investment Council between Ecuador and the US was established in 1990 and up to date in 2021, with among the prime US imports from Ecuador together with petroleum fuels, fish, and edible fruits.
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