Barter is the present and the future of international trade, especially for people who is starting in the import export business. Barter and more: Triangular operations.
Ecuador will aim to conclude a trade agreement with the EU by early 2014, according to President Rafael Correa, stressing it would not lead to an outright free trade pact. "We will negotiate and seek to sign an accord with the European Union, but not at any price," Correa said in an interview with La Voz de Arenillas radio in Ecuador.
The President has declared his opposition to free trade pacts, arguing that they harm the development of local industry. Ecuador is the world's biggest banana exporter and the EU is one of its top markets.
"We hope to reach an agreement by the beginning of next year," he said, noting that his country had "red lines" on public spending. Ecuador spends at least $5 billion to help small- and medium-sized businesses.
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