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Trade

Ecuador applies for CPTPP membership to diversify trade

South American nation seeks to reduce reliance on oil

Wellheads painted in Ecuador's national colors at an oil rig of state oil company Petroamazonas.   © Reuters

SAO PAULO -- Ecuador has filed its application to join the CPTPP trade pact as the country moves to reduce its reliance on oil and diversify its economy through exports.

The foreign ministry tweeted Dec. 17 that it has "submitted the letter of application for membership" in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.

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