Quito, 31 August 2022 (TDI): The Minister of Economy and Finance of Ecuador, Pablo A. Marriot had a bilateral discussion with the Ambassador of Turkiye, Basak Yalçin. The meeting aimed to strengthen cooperation.
Agradecemos al Ministro @parosemena, por el provechoso diálogo encaminado a trabajar en la cooperación entre 🇪🇨 y 🇹🇷 en espacios económicos y de comercio. @FinanzasEc #Ekonomik, #ticari işbirliğimizi konuştuğumuz verimli toplantı için 🇪🇨Ekonomi Bakanı Arosemena’ya müteşekkiriz. pic.twitter.com/eh8PlsYS60
— TürkiyeEnEcuador (@TurkEmbQuito) August 30, 2022
The focal areas of this bilateral discussion were the enhancement of trade as well as the increasing economic cooperation between Ankara and Quito. Both sides urged for the initiation of investments in varying sectors.
Enhancing Trade
A potential focus had been made on the investment in the strategically important sectors on a mutual basis. The Minister of Economy and Finance of Ecuador also stressed that both sides are focusing on major avenues of cooperation on the international stage.
Fortalecemos la cooperación internacional en el país. En este contexto, dialogamos con la embajadora de @TurkEmbQuito, @MBasakYalcin, sobre potenciales inversiones en sectores estratégicos de Ecuador. pic.twitter.com/9RSXJU2QEl
— Pablo Arosemena Marriott (@parosemena) August 30, 2022
Historically, both countries had sustained a partnership in economic and trade sectors on a bilateral basis.
Read More: Ecuador and Turkiye promote bilateral relations
In the financial year 2021, the exports of Ecuador to the Republic of Turkiye remained at US$ 218.87 million as per the United Nations COMTRADE database.
In the year 2020, it was reported that Ecuador exported goods of nearly US$ 300 million to Turkiye. The goods that were part of bilateral trade between Turkiye and Ecuador consisted of food and agricultural products mostly.
On the other side, Turkiye exported goods of US$ 57.88 million to Ecuador in the financial year 2021. The United Nations COMTRADE reported that most of the goods were iron, electronics, paper, inorganic chemicals, etc.
Ambassador Yalçin’s efforts for strengthening ties
Ankara sees Ecuador as a potential partner in South America. The Ambassador of Turkiye to Ecuador had already made efforts to strengthen the ties.
On 26 August 2022, Ambassador Yalçin held bilateral talks with the officials of Ecuador’s Ministry of Cultural Affairs.
Recibimos la visita de la embajadora de Turquía🇹🇷 en Ecuador🇪🇨, @MBasakYalcin, para intercambiar experiencias en materia cultural y trazar una hoja de ruta que fortalezca la cooperación internacional para el beneficio de los artistas y gestores culturales.#JuntosLoHacemosPosible pic.twitter.com/MukF8ytimG
— Ministerio de Cultura y Patrimonio (@Cultura_Ec) August 26, 2022
The efforts beyond the trade and economy were initiated. The two sides discussed the roadmap for the joint initiatives of cultural exchange. The mutual aspects of benefitting artists and cultural managers were also discussed.
