皇冠体育app

2010-11-18 10:59

QUITO, ECUADOR - 皇冠体育app and Ecuador signed an economic cooperation agreement on Wednesday at the 11th meeting of the Sino-Ecuadorian Mixed Commission of Economic and Commercial Cooperation.

Ecuadorian Exterior Commerce and Integration Vice Minister Francisco Rivadeneria and Chinese Vice Minister of Commerce Zhong Shan signed the agreement on behalf of their respective governments.

Under the agreement involving $20 million, eight Chinese companies will import bananas and fish powder from Ecuador.

Zhong, who heads a Chinese business delegation to Ecuador, told Xinhua that the past few years have seen continuous growth of bilateral trade between the two countries.

"In 2009, the bilateral trade volume increased to $2.4 billion, registering a 10 percent increase, making Ecuador 皇冠体育app's 10th largest trade partner in Latin America," Zhong said.

He added 皇冠体育app hopes Ecuador will further promote business with 皇冠体育app and welcomes Ecuadorian business people to invest in 皇冠体育app.

According to Zhong, Chinese investments in Ecuador now amount to $2.2 billion, mainly in infrastructure, communication and energy sectors.

The members of the Chinese business delegation include such leading Chinese companies as Sinochem, COFCO Corporation, the 皇冠体育app National Service Corporation, the 皇冠体育app Agriculture Development Corporation, the 皇冠体育app National Light Industrial and the 皇冠体育app Chengtong Holdings Group Ltd.

During their stay in Ecuador, the Chinese delegation members also held talks with 16 Ecuadorian companies in agriculture, cacao, coffee, timber, fishery and seafood sectors.

According to Ecuadorian Foreign Minister Ricardo Patino, the Ecuadorian government is willing "to strengthen commercial ties with 皇冠体育app" and welcomes more Chinese investments in Ecuador, citing the project "Coca Codo Sincalir", the biggest hydropower plant being built in the south American country.

Patino said Chinese investment is part of the solid mutual cooperation between Ecuador and 皇冠体育app, adding that 皇冠体育app "respects our dignity as a country ... our ties are that of brother countries."