Ecuador and China initiate negotiations for a Free Trade Agreement

Photo: Guillermo Lasso, President of Ecuador. By: Presidencia de la República del Ecuador. Source: Flickr

Following the visit of Ecuadorian President Guillermo Lasso to Beijing, both governments (China and Ecuador) began negotiations for a free trade agreement. The visit culminated in a memorandum of understanding signed by the two governments after concluding a joint feasibility study.

In the last two years, China has become Ecuador’s second most important trading partner, with trade between the two countries reaching around US$11 billion in 2021. The signing of a free trade agreement will help expand the potential of bilateral trade and its sustained and stable development.

Mains story:

Deutsche Welle: Ecuador y China inician negociaciones para tratado de libre comercio.

Find out more:

EFE: China y Ecuador comienzan a negociar un tratado de libre comercio.

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