Page 390 - MOE ENGLISH PR REPORT - MAY 2025 (Part 1)_Neat

Al Zeyoudi said that the two countries can build on their non-oil bilateral trade, which reached USD
360.7 million in 2024, by providing new opportunities for the business communities of both sides to
build new trade and investment partnerships. Al Zeyoudi noted that Ecuador is a promising market
for UAE non-oil exports, which increased 46 per cent in 2024 to USD 37 million. He stated these
figures can double by reducing or eliminating customs duties and removing barriers to trade and
investment flows as part of the Comprehensive Economic Partnership Agreement.

Hei added that Ecuador offers many promising investment opportunities for the UAE business
community in key sectors such as agriculture, renewable energy, mining and logistics, highlighting
DP World’s successful investment in expanding and modernizing the Ecuadorian port of Posorja
with investments worth USD 1.2 billion.

During the visit, Al Zeyoudi held a number of meetings with ministers and senior officials in
Ecuador, in the presence of Ibrahim Salem Al Alawi, UAE Ambassador to Peru, Non-Resident
Ambassador Extraordinary and Plenipotentiary of the State to Ecuador, including bilateral meetings
with Luis Aberto Jaramilo Granja, Minister of Production, Foreign Trade, Investments and Fisheries,
Roberto Kury, Minister of Communications and Information Society, and Humberto Plaza, Minister
of Urban Development and Housing.
During these meetings, they discussed ways to increase bilateral cooperation in sectors of
common interest, and ways to provide more opportunities for the business communities to build
new investment and trade partnerships that stimulate economic growth and shared prosperity.

https://www.thestatesman.com/world/on-behalf-of-uaes-president-thani-al-zeyoudi-attends-
inauguration-of-president-of-ecuador-for-new-term-1503437294.html