2024-03-24 18:22:48
The Government of the United Arab Emirates would be interested in investing in logistics services and the creation of a regional distribution hub in Ecuador.
This February 28, 2024, the Minister of Production, Foreign Trade, Investments and Fisheries, Sonsoles Garcíaspoke with Thani Al Zeyoudi, Minister of Commerce of the United Arab Emirateson the potential of the commercial relationship between both countries.
They agreed to begin negotiations on a trade agreement, which would be finalized this year..
“We highlight Ecuador’s interest in negotiating a trade agreement, to which Dr. Al Zeyoudi proposed starting negotiations, with a view to concluding it during the course of this year,” García explained through social networks.
According to the Minister of Production of Ecuador, There is a mutual interest in deepening and consolidating the commercial relationship, especially in sectors such as agriculture, agribusiness, mining and renewable energies..
Besides, The Government of the United Arab Emirates would be interested in investing in logistics services and the creation of a regional distribution hub in Ecuador.
In 2023, Ecuador exported $601 million to the United Arab Emirates, while imports reached a value of $18 million.
Minister García is currently participating in the 13th Ministerial Conference of the World Trade Organization (WTO). (JS)
By: Diario la HORA