Ecuador aspires to sell more bananas to China

During the year 2020, 17.5 million boxes of bananas were sent to China, generating foreign exchange of 156 million dollars; while in 2021 the amount was reduced to 10.9 million boxes and 89 million dollars until November, with a variation of -37.71% compared to the previous year. This scenario would improve significantly with the signing of a trade agreement with China, since the country would export 53.6 million boxes, which would represent 312 million foreign exchange in two years, the union explained. For José Antonio Hidalgo, executive director of the Association of Banana Exporters of Ecuador (AEBE), it is important to review and analyze the trade agreements that neighboring countries signed with China, in order to have a reference of the route that the negotiations should take. Ecuador. “Each economy is different and each country has its strengths and weaknesses; For this reason, Ecuador must focus on negotiating the entry of competitive products such as bananas and shrimp, ...