Welcomes Acknowledgement of Challenging Investment Climate in Ecuador and Bolivia
Washington, DC – National Foreign Trade Council (NFTC) President Bill Reinsch today released the following statement welcoming the Administration’s report on country eligibility for trade preferences under the Andean Trade Preference Act (ATPA).
“We commend the Administration for acknowledging the difficulties American investors face in Ecuador in its decision to extend trade preferences under ATPA. Recent experience has shown that American companies face significant challenges there in terms of rule of law and political interference in the judicial process, and we expect the Administration to continue to monitor developments there carefully. ATPA is an important tool to promote economic development and growth within the hemisphere, but to ensure that the system remains fair and mutually beneficial, our trading partners must demonstrate a commitment to abiding by the rules and refrain from interfering in judicial processes.”