According to the Ministerio de Producción Comercio Exterior Inversiones y Pesca, the agreement provides the access to the Chinese market for 99,6% of the current Ecuadorian goods in immediate or under 10 years tax relief baskets, leveling the access conditions of the Ecuadorian goods other neighbor competing countries have (Peru and Central America). Additionally, aspects related to the cooperation for investments, electronic commerce, competence, and economic cooperation were negotiated.
Venezuela Becomes India’s Fourth Strategic Crude Supplier Amid Global Energy Realignment
A sharp increase in bilateral shipments during the second quarter of 2026 positions Venezuelan crude as a key alternative for Indian supply, historically accounting for nearly 80% of the Asian nation’s total imports from the South American country.
