García told the press this Friday that with this agreement, 84 percent of exportable Ecuadorian products will enter Costa Rica free of tariffs, while 92 percent of Costa Rican items will arrive in Ecuador under zero tariffs.

According to the Ecuadorian Government, the agreement will generate a 10 percent growth in current exports, which in turn would allow for an increase in income by three million dollars.

They also highlighted that it will improve the competitiveness of canned and preserved fish, metal manufactures, wood boards, medicines, shrimp, white goods, porcelain and sanitary ceramics, leather, among others.

On March 1, 2023, the president of Costa Rica, Rodrigo Chaves, and then president of Ecuador, Guillermo Lasso, signed the treaty that both countries considered a milestone for the bilateral relationship.

The document has been also favored by the Ecuadorian Constitutional Court, which in August 2023 requested to renegotiate some points, which were corrected in November of last year.

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