Ecuador and China sign a cooperation plan to promote the Belt and Road Initiative
Photo: Presidencia de la República del Ecuador.
According to an article by El Comercio, as part of President Daniel Noboa’s international tour, he met with his Chinese counterpart, Xi Jinping, on June 27, where both leaders signed a cooperation plan to promote the Belt and Road Initiative.
According to the information provided by the cited source, this high-level meeting between the leaders of Ecuador and the People’s Republic of China took place at the Great Hall of the People in China, a venue that serves as one of the main locations for official ceremonies in the Asian country.
During the meeting, the Chinese president emphasized that bilateral cooperation between the two nations is currently experiencing positive development and recalled that this year marks the 45th anniversary of diplomatic relations between the two countries.
President Xi also stated that both nations should continue developing their comprehensive strategic partnership and foster greater cooperation so that both countries can access more opportunities as a result of their relationship.
Furthermore, the leader of the People’s Republic of China proposed advancing key projects for the economies of both countries, increasing bilateral trade, and promoting exchanges in various sectors such as culture, education, media, and youth from both nations.
For his part, Ecuadorian President Daniel Noboa highlighted the successful cooperation between the two countries and emphasized the positive impact that this partnership has generated.
He also expressed hope that this relationship will continue to grow in order to increase trade and economic transactions between both nations.
Additionally, he mentioned that if diplomatic relations between the two countries remain at a high level of cooperation, sectors such as technology, education, and science will gain access to new opportunities.
This cooperation plan is intended to strengthen the existing bilateral cooperation between the two nations within the framework of the Belt and Road Initiative, which the Latin American country joined in 2018.
Since Ecuador signed the memorandum of understanding marking its entry into the initiative, various key projects for the country’s economy have been carried out with financing from the People’s Republic of China.
This meeting is part of the first stage of President Daniel Noboa’s international tour, who, after visiting the People’s Republic of China, will travel to Europe, specifically to Italy and Spain.
During his stay in China, President Noboa held a meeting with the country’s Premier, Li Qiang, met with Chinese business leaders and Ecuadorian students living in China, and also participated in the World Economic Forum held in the city of Tianjin.
In his remarks during the various meetings held in China, the Ecuadorian president emphasized that Ecuador must attract foreign investment in key sectors of the economy such as infrastructure, agribusiness, energy, and technology, as well as create more opportunities for the training of young Ecuadorians abroad.
Last but not least, it is worth noting that the People’s Republic of China is currently one of Ecuador’s most important commercial and financial partners, particularly in the public works and energy resources sectors.
* Original text in Spanish. Translated by Large Language Model (LLM) technology.
Main Source:
Daniel Noboa y Xi Jinping firmaron acuerdo de cooperación para las Nuevas Rutas de la Seda – El Comercio
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