Ecuador–Malaysia relations

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Ecuador–Malaysia relations

Ecuador
Malaysia

Ecuador–Malaysia relations are foreign relations between Ecuador and Malaysia. Ecuador has an embassy in Kuala Lumpur,[1] while Malaysia has an honorary consul in Quito.[2] Both countries also are the members of Non-Aligned Movement.[3]

History

Lua error in package.lua at line 80: module 'strict' not found. Diplomatic relations between the two countries has been establish since 1994, since that the relations are described as "very friendly".[4] The relations are mainly in the economic bilateral relations.[4]

Economic relations

In 2012, the total trade between the countries worth around $142.20 billion with Ecuadorian exports of $22.29 million and imports from Malaysia with $119.91 million.[5] The main Ecuadorian export to Malaysia such as cocoa beans, coffee and seafood while the main imports from Malaysia are mainly semi-conductors and electronic conductors.[5][3][6] Several Memorandum of Understanding (MoU) has been signed by both countries to enhance the economic relations.[6][7][8] Other than that, an agreement between the Port Klang Authority and the Port Authority of Manta which could connect the ASEAN countries to the South American markets through Ecuador has been signed including an angreement on innovation and technology transfer.[9][10] The Government of Ecuador also interested on the Malaysian investments in the palm oil sector with one of the Malaysian company, Sime Darby is looking a possibilities to investing in Ecuador.[11] In the education sector, Ecuador has offered The National University of Malaysia (UKM) to participate in a ground-breaking educational project at a new visionary city in the South American country and the country has requested Malaysian institutions of higher learning to take part in the transformation of Ecuador's economy.[12] Furthermore, Malaysia also has funded a monorail project in Rumiñahui and was committed to strengthening bilateral relationship with Ecuador through the realisation of co-operation programs and boosting financing on infrastructure projects in Ecuador.[13][14]

Further reading

References

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  14. ↑ Lua error in package.lua at line 80: module 'strict' not found.
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