Armenia-Ecuador economic relations


Ambassador Extraordinary and Plenipotentiary of the Republic of Ecuador to Armenia Juan Fernandez Holguin Florence and Honorary Consul Vahe Darbinyan visited the RA Chamber of Commerce and Industry on November 28. It was noted that Ecuador is an agricultural country with a population of 17 million. The main crops are adamatuz (the first in the world in terms of export), coffee, cocoa, rice, grain plants, vegetables, sugar cane, cotton, etc. are also cultivated. They are also engaged in animal husbandry and fishing. Especially oil is extracted, but also copper, lead, gold, silver, zinc. There are also food and textile industries. "Although Ecuador and Armenia have many types of export and import products, today the trade turnover is at a very low level. The problem is especially logistical difficulties, mutual recognition, creation of an information base and effective use of cooperation potential," said Andranik Aleksanyan, executive director of the RA Chamber of Commerce and Industry. "We mainly export bananas and flowers to Armenia, and the Ecuadorian market needs many products from Armenia," said Ambassador Juan Fernandez Holguin Florence. Both sides expressed the idea that in order to increase the trade turnover, it is necessary to go to third countries through Armenia and implement joint projects. As a starting step, Mr. Aleksanyan emphasized the signing of a memorandum of cooperation between the two chambers as a program guide.