EU welcomes Ecuador deal

6-Mar-2015

Ecuador trade deal offers hope for sustained European personal care product exports, report Jonathan Dyson and James Bargent

The Spanish cosmetics industry has welcomed a free trade deal struck between the European Union (EU) and Ecuador, which is set to benefit European cosmetics producers with increased market access in this South American market. An EU communiqué noted that the agreement will “provide improved access to the Ecuadorian market for many key EU exports,” adding, “it will also create a stable and predictable environment that will help boost and diversify trade and investment”. One provision states that both countries must allow “services in cosmetics technology” to be supplied by either party “through [the] presence of natural persons, by contractual services suppliers”.

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