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Ecuador will sign a trade agreement with China

Quito, Apr 12 (Prensa Latina) Production Minister Julio José Prado announced today the signing of a trade agreement with China so that Ecuador's agro-industrial products reach the Asian market with lower tariffs.

In statements broadcast by the Ecuavisa channel, Prado revealed that an Ecuadorian delegation will travel to Beijing in the coming days to finalize the signing of the agreement.

According to the official, these negotiations are aimed at attracting foreign investment to the Andean nation.

Prado stated that, after almost two years, the Government has closed negotiations for three agreements with Costa Rica and South Korea, which will enter into force at the end of 2023 and 2024.

On April 10, the Ministry of Production here reported through its Twitter account that four Ecuadorian companies began exporting pitahaya, also known as dragon fruit, to the Chinese market.

In this way, China joined the list of 58 countries to which the fruit is exported from the South American country.

According to the Central Bank of Ecuador, the country exports more than 23 thousand tons of pitahaya per year, with an income of 99 million dollars for the country’s economy.

The United States is the main destination market for the fruit, with 84 percent of the total volume exported, followed by Canada, Colombia and Singapore.


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