Premier Zhu Meets Ecuadorian President

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Last updated at: (Beijing Time) Friday, March 22, 2002

Premier Zhu Meets Ecuadorian President

Chinese Premier Zhu Rongji said in Beijing Thursday that Ecuadorian President Gustavo Novoa Bejarano's current visit to China will have a profound influence on the development of Sino-Ecuadorian relations.

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Cooperation agreements signed

Wednesday's talks between Chinese President Jiang Zemin and the Ecuadorian President went well, Zhu said, and consensus was reached on many important issues. The two sides signed a number of agreements on cooperation between their countries in various fields.

Noting that trade and economic cooperation between China and Ecuador had seen remarkable growth over the past few years, Zhu said the two countries have yet to open up many other fields of economic cooperation.

Zhu also said China has rich experience in the development of infrastructures and is fully capable of contracting construction projects in Ecuador. He said China is willing to cooperate with Ecuador in the construction of roads and electricity facilities.

Bejarano said Ecuador is cooperating with its neighboring countries in the development of the areas along the Amazon River. He hopes that China will participate in the development.

Ecuadorian president satisfied with China visit

Visiting Ecuadorian President Gustavo Novoa Bejarano said in Beijing Thursday that his visit to China has been satisfactory and is bearing fruit.

At a press conference, Novoa said while in Beijing he held talks with President Jiang Zemin, and met with Chairman Li Peng of the National People's Congress Standing Committee and Premier Zhu Rongji.

Novoa said they exchanged views on issues of common concern, and signed a series of agreements, adding that his visit will further cement the friendly and cooperative ties between the two nations.

He would like to increase the two countries' trade relations and strengthen their cooperation in areas such as agriculture, petroleum, marine products and bridge building, and invited more Chinese entrepreneurs to invest in his country.

He stressed that Ecuador will adhere to the "One China" principle.

The Ecuadorian President also answered questions raised at the press conference.

China and Ecuador

I, Political Relations

On 2 January 1980, the People's Republic of China and the Republic of Ecuador formally established diplomatic relations. In July of the same year, China set up its embassy in Ecuador. In July 1981, Ecuador set up its embassy in China.

Since the establishment of diplomatic relations, Sino-Ecuadorian relations have been advancing smoothly. The two sides maintain high level political contacts and their exchanges in the areas of trade and economy, science and technology, culture and education grow steadily. In international affairs, the two countries understand and support each other.

II, Trade and Economic Relations

Early in 1975, the two governments signed a trade agreement. Since the establishment of diplomatic relations, the bilateral trade and economic relations have made new headway. Chinese main import items from Ecuador include banana, lobster and fish meal, and its main export item to Ecuador include light industry products, industrial and agricultural tools and mechanical equipment. Through common efforts, the two-way trade has soared from several million US dollars in the 1980s to over ten million US dollars in the 1990s. In 2000, the bilateral trade volume was 155 million US dollars, among which 74.87 million US dollars was Chinese export and 80.13 million US dollars was Chinese import.

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