Page 438 - MOE ENGLISH PR REPORT - MAY 2025 (Part 1)_Neat

bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential
Court.

President Noboa expressed his sincere thanks and appreciation for the UAE's participation in the
presidential inauguration ceremony, praising their mutual desire to consolidate friendly relations
between the two countries. He wished the UAE continued prosperity, and stated his confidence
that their positive future relations will help to achieve the development goals of their two peoples.

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% 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.wam.ae/en/article/bjup30k-behalf-uae%E2%80%99s-president-thani-zeyoudi