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Trade

Ecuador reaches trade deal with China, president says

Pact expected to boost South American country's exports by $1bn

Ecuadorian President Guillermo Lasso, seen here in Quito during 2022, touted the trade deal reached with China on Jan. 3.   © Reuters

GUAYAQUIL, Ecuador (Reuters) -- Ecuadorian President Guillermo Lasso said on Tuesday the country has sealed a free trade deal with China, an agreement expected to increase exports and boost growth in the South American country's industrial sector.

"Good news to start 2023. The negotiation between China and Ecuador has been successfully concluded," Lasso tweeted.

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