LatinNews Regional Monitor: Andean Group - 25 October 2019

* Ecuador and India have signed a protocol that will serve as the starting point for negotiations of a “partial” trade agreement that will allow bilateral trade to, at least, double between the two countries. According to Spanish news agency EFE, which claimed to have access to the document signed by both parties, it emphasises that a trade agreement would be “feasible and mutually beneficial” and notes that there exists “potential bilateral earnings between US$2bn and US$2.7bn” annually. Héctor Cueva, Ecuador's ambassador to India, says that the document won’t mean the complete abolition of tariffs, but rather a reduction in the tariffs of the products they already exchange and the “promotion of new products”.

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