QUITO – Ecuador and China have raised the level of their bilateral relations to a comprehensive strategic partnership, the president of the Andean country Rafael Correa said during Chinese President Xi Jinping’s visit to Quito on Thursday.
The Chinese leader reaffirmed that his country will intensify cooperation with Ecuador and that it has already financed numerous projects, including several hydroelectric plants, saying the bilateral relationship are a model that China wants to maintain with Latin America.
Ecuador is the first stop of Xi’s tour. After this he will travel to Peru to participate in the Asia-Pacific Economic Cooperation (APEC) Summit in Lima, and later to Chile, on a trip aiming to boost economic cooperation with Latin America.
For the Government of Ecuador, the relationship with the Asian giant is important to carry out a change of energy production and move to an economy less dependent on oil.
During an event at the Carondelet Palace, the seat of government of Ecuador, Correa stressed that China is the world’s fastest growing economy, the second largest in the world and “in a few years, it will be the first,” and stressed its status as Ecuador’s fundamental partner.
Correa also thanked China for its support following the earthquake that struck Ecuador’s northern coast in April, killing 673 people.
Xi expressed the willingness of his government to continue the cooperation in areas such as technology transfer.
During the meeting, several agreements, including four financial, one political, one communication, one cultural and one judicial were signed.