Page 396 - MOE ENGLISH PR REPORT - MAY 2025 (Part 1)_Neat

5/30/25, 2:34 PM On behalf of UAE's President, Thani Al Zeyoudi attends inauguration of President of Ecuador for new term - www.lokmattimes.com
The presence of Al Zeyoudi, on behalf of the President of the UAE, at the presidential

inauguration ceremony reflects the depth of the friendly relations between the UAE and

Ecuador, and the mutual desire of the two countries to continue to elevate these
relations to new levels.

Al Zeyoudi stressed that trade and investment relations between the UAE and Ecuador

are set to flourish, thanks to the Comprehensive Economic Partnership Agreement
which the two countries are currently continuing constructive negotiations towards.

These negotiations are reaching the final stages.

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,

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