Page 446 - MOE ENGLISH PR REPORT - MAY 2025 (Part 1)_Neat

5/28/25, 10:40 AM On Behalf Of UAE’s President, Thani Al Zeyoudi Attends Inauguration Of President Of Ecuador For New Term | Pakistan Point
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

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