Page 477 - MOE ENGLISH PR - APRIL 2024

The UAE and Ecuador’s bilateral non-oil trade increased to $675 million in
2023, more than tripling the 2021 statistics and showing a remarkable 76

percent rise from 2022. In addition, the $1.2 billion investment made by Dubai
Ports World in Ecuador’s Port of Posorja is evidence of the growing
commercial links between the two nations.

Dr. Thani Al Zeyoudi | Image; WAM

Speaking at the event, Dr. Al Zeyoudi emphasized that the UAE’s continued
efforts to solidify its position as a major hub for international trade,

investment, and logistics are in line with the start of talks with Ecuador. The
goal of these initiatives is to deepen commercial ties with major trading and
investment partners throughout the world, such as Ecuador, with the mutual

goal of promoting sustainable economic growth in both countries.

He emphasized the many prospects for Ecuador and the United Arab
Emirates to integrate their economies more deeply, especially in the areas of
renewable energy, infrastructure, agriculture, tourism, and technology.

https://emiratitimes.com/uae-and-ecuador-set-to-begin-cepa-negotiations/