The FTA, negotiations for which began in February 2022, is expected to boost growth in the South American nation.
China's annual bilateral trade with Ecuador is estimated at over $10 billion. It was the latter’s primary non-oil trade partner in the first half of 2022, according to the Ecuadorian trade ministry.
The date for the formal signing of the deal is yet to be decided, the ministry was quoted as saying by a global newswire.
The agreement, once signed, will make Ecuador the fourth Latin American country to have an FTA with China, after Costa Rica, Peru and Chile.
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