The Ministry of Commerce held the third regular press conference in February today (23rd). The spokesperson introduced that China and Ecuador have confirmed the end of the free trade agreement negotiations, and will continue to complete follow-up work such as the legal review of the text, and strive to formally sign it as soon as possible. free trade agreement.
Shu Jueting, Spokesperson of the Ministry of Commerce: Negotiations on the China-Ecuador Free Trade Agreement will start in February 2022. On February 16 this year, the third chief negotiator meeting of the China-Ecuador Free Trade Agreement was held via video. The two sides confirmed the end of the free trade agreement. Agreement negotiations. Afterwards, the teams of both sides will continue to complete the follow-up work such as legal review of the text, and perform their respective domestic procedures, striving to formally sign the free trade agreement as soon as possible.
The Ministry of Commerce stated that in 2022, the bilateral trade volume between China and Ecuador will reach 13 billion US dollars, a record high and a year-on-year increase of nearly 20%. The China-Ecuador Free Trade Agreement will help to further tap the potential of bilateral trade, promote the sustained, stable and diversified development of trade and investment between the two countries, and promote bilateral economic and trade cooperation to a new level.