China, Ecuador kick off negotiations on free trade agreement

0 Comment(s)Print E-mail Xinhua, February 8, 2022
Adjust font size:
Aerial photo taken on Dec. 18, 2021 shows a view of an international container terminal at the Tianjin Port of north China's Tianjin Municipality. [Photo/Xinhua]

China's Commerce Minister Wang Wentao and Ecuador's Minister for Production, Foreign Trade, Investment and Fisheries Julio Prado have signed a memorandum of understanding for free trade agreement (FTA) negotiations.

This marks the beginning of FTA negotiations between the two countries, China's Ministry of Commerce said in a statement.

In recent years, economic and trade cooperation between China and Ecuador has achieved remarkable results, with bilateral trade growing significantly.

In 2021, bilateral trade totaled 10.95 billion U.S. dollars, up 44.5 percent year on year. China has been Ecuador's second-largest trading partner for two consecutive years.

The two sides launched a feasibility study on the FTA in September 2021 and completed it in January 2022.

The signing of the FTA will help further tap the potential of bilateral trade and promote the sustained, stable and diversified development of bilateral trade, according to the statement.

Follow on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from