President Xi Jinping meets with Ecuadorian President Daniel Noboa on the Nice Corridor of the Individuals in Beijing on Friday. (FENG YONGBIN/CHINA DAILY)
China’s collaboration with Ecuador on the Belt and Highway Initiative figured prominently throughout President Xi Jinping’s assembly with Ecuadorian President Daniel Noboa in Beijing on Friday.
Witnessed by the 2 leaders, the 2 sides signed a cooperation plan for collectively advancing the constructing of the Belt and Highway — the newest milestone since Ecuador joined the BRI in 2018.
In January, Xi and Noboa had exchanged congratulatory messages to mark the forty fifth anniversary of the institution of diplomatic ties.
Throughout their assembly on Friday, Xi described bilateral relations as “having maintained a superb momentum in its growth”.
“Ecuador has joined the massive household of the Belt and Highway Initiative, and China and Ecuador have signed a free commerce settlement, finishing up fruitful cooperation in areas akin to power, mining, energy and infrastructure development,” Xi stated.
China “has at all times seen and developed relations with Ecuador from a strategic and long-term perspective”, and is prepared to work with Ecuador to advance their complete strategic partnership, Xi added.
Xi inspired either side to hold out key cooperation tasks successfully, enhance bilateral commerce, improve exchanges in training, tradition, media and youth, and implement the outcomes of the fourth ministerial assembly of the China-CELAC (the Neighborhood of Latin American and Caribbean States) Discussion board.
Noboa, who got here to China to attend the 2025 Summer time Davos discussion board in Tianjin, stated he admires China’s growth achievements, and his nation will at all times keep in mind China’s nice help and help for its social and financial growth.
The 2 nations have lengthy adhered to mutual respect, equality and mutual profit, and have efficiently carried out intensive cooperation, he added.
After the China-Ecuador free commerce settlement took impact in Might 2024, Ecuador’s exports to China from Might to December final yr reached $5.78 billion, up 10.1 p.c year-on-year.
Within the first quarter of this yr, the bilateral commerce registered $3.92 billion, a year-on-year improve of 34.2 p.c, in accordance with the International Ministry.
Financial and commerce cooperation has at all times been a stabilizer and a propeller of bilateral relations, “bringing tangible advantages to the individuals of the 2 nations”, Chen Guoyou, the then Chinese language ambassador to Ecuador, stated at a celebration occasion in April.
On Friday, Xi confused that the 2 nations must be good mates that respect and belief one another and good companions that search widespread growth.
He known as on either side to proceed supporting one another’s core pursuits and main considerations, and improve exchanges on state governance.
On his half, Noboa stated Ecuador seems ahead to deepening relations with China and rising cooperation within the fields of commerce, science and know-how, tradition, training and youth.
Keep forward of the curve with Enterprise Digital 24. Discover extra tales, subscribe to our e-newsletter, and be part of our rising neighborhood at bdigit24.com