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Ecuador joins Belt and Road initiative

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Xi Jinping and Lenin Moreno
LatAm   Xi Jinping and Lenin Moreno

Ecuador strengthened its ties with China to join the Belt and Road initiative, which apart from consolidating economy and trade also represents a leap in the political arena.

Both countries signed the memorandum of understanding that formalizes this step in the presence of Presidents Xi Jinping and Lenin Moreno, who previously held formal talks in the Great Hall of the People.

From now on, they will give greater impetus to cooperation plans, investments and business in both directions in the context of this project, inspired by old commercial journeys.

With the Belt and Road initiative, China aspires to link with different continents by sea and land in a large network of infrastructures, movement of goods, products, people and capital with shared benefits, interests, and responsibilities.

From Latin America and the Caribbean, Panama, Cuba, Venezuela, Chile, El Salvador, and Trinidad and Tobago, among others, joined this initiative.

China and Ecuador also sealed on Wednesday another nine bilateral instruments related to assistance in criminal matters; police, agricultural, civil aviation, and risk management of volcanoes and earthquakes.

Xi spoke with Moreno about issues of the binational and international agenda, after officially welcoming him with high military honors.

Earlier, the Ecuadorian president placed a wreath before the Monument to the People's Heroes, in the emblematic Tian'Namen Square.

Lenin Moreno began on Tuesday his first state visit to China in a meeting with the president of the Chinese Council for the Promotion of International Trade, Gao Yang, and a bilateral business forum.

He will also be received by the Prime Minister, Li Keqiang, and the Chairman of the Standing Committee of the National People's Congress (Parliament), Li Zhanshu. His stay will conclude tomorrow with a program that exchanges with Ecuadorian scholars.


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