Thursday, 04 July 2013
Ecuador to lose tariff-free US access
Ecuador is apparently prepared to forego the tariff-free access currently enjoyed by many of its fresh produce exports to the US.
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Ecuador is apparently prepared to forego the tariff-free access currently enjoyed by many
of its fresh produce exports to the US – including bananas and avocados – so as
to avoid coming under pressure to hand over former intelligence agent Edward
Snowden, despite the fact that the prospect of him ending up in the South
American country now appears less likely, informs fruitnet.com.
A number of US congress members had threatened to drop the trade agreement if Ecuador refused
to cooperate with the US and proceeded to grant Snowden political asylum.
Reaction to Ecuador's latest move has been mixed, with some believing the loss of
tariff-free access was inevitable even before the Snowden affair arose, and
others concerned about the potential loss of a major open market.
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