Ecuador-China

Ecuador-China

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Bilateral Relation between Ecuador and China

The common understanding between the people and governments of Ecuador and China regarding international politics and social philosophy on the whole, has made it possible to develop wider cooperation between the two countries; and such cooperation is based on respect for each other's national sovereignty and noninterference in the internal affairs of either country.

In this context, the government of Ecuador is desired to initiate more new ways and paths so as to promote mutual exchanges, boost bilateral trade balance, identify new areas for encouraging Chinese investors to invest in Ecuador, and seek more inclusive approaches to cooperation.

As part of foreign policy, Ecuador regards dialogue, transparency and respect as the basic principles for trade exchanges, properly meauses practical trade balance and makes every effort to seek fair international trade . To establish reciprocal cooperation with more comparative advantage, Ecuador endeavors to acquire common understanding with China in trade so as to strengthen existing business interaction and cooperation and creat common benefits for all industries in both countries through the concepts of Ecuador's "Good Living" of and China's "Harmonious Development".

The strategic and reciprocal relationship between Ecuador and China is achieved through their development cooperation in various fields, including politics, trade, finance, investment, culture, education, science and technology, training as well as technical assistance. In this sense, a consensus on international politics will benefit multilateral cooperation, environmental protection and the promotion of a new global financial structure.

The governments of both countries have expressed their common desire to strengthen the bilateral relation between Ecuador and China, where the idea of "win-win" will be directly embodied through trades and common development achieved based on the implementation of major programs.

With a view to strengthening the bilateral relation with China, the Republic of Ecuador will make every effort to achieve the following goals:

  • To identify supplementary subjects in terms of politics and foreign affairs, to promote and strengthen trade relations, to deepen bilateral cooperation and to work together on issues regarding population mobility.

  • To promote Chinese investors to invest in strategic and productive sectors in Ecuador.

  • To boost exports from Ecuador to China.

  • To introduce new subjects in the bilateral trade agenda (small and medium scale production, craft sector, and medium and minor enterprises).

  • To cooperate in science and technology for the purpose of establishing experience exchange organization.

  • To strengthen bilateral cooperation in culture and education.

  • To develop bilateral financial agreement so as to effectively boost mutual development.

  • To cover medical care, housing, labor force and other social issues in bilateral agenda.

  • In terms of multilateral issues, Ecuador will share its experience in the integration of Latin America, mainly regard to the Community of Latin American and Caribbean (ECLAC), Union of South American Nations (UNASUR), Bolivarian Alternative for the Peoples of America - Treaty of Commerce of the People (ALBA-TCP) and the Andean Community (CAN).

  • To establish and work with China on issues of mutual interest of the multilateral agenda and the new international financial structure.

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