Ecuadorian Businessmen Visit Mexico, Improve Trade

Hoy.com.ec reports that a delegation of Ecuadorian officials and businessmen traveled to Mexico Tuesday June 21st to promote their domestic products for trade with Mexico. The Ecuadorian Foreign Ministry says that in 2010 a deficit of $640.2 million was registered for trade between the two countries. Ecuadorian officials will remain in Mexico until Friday to talk to Mexican trade officials and negotiate mechanisms to balance the trade exchange. Ricardo Patino, Ecuador’s Foreign Minister will travel to Mexico on Thursday to meet with his counterpart in Mexico, Patricia Espinosa. In 2010, Ecuadorian exports to Mexico were recorded at $87.4 million while Ecuador imported $727.6 million from Mexico says the Central Bank of Quito. Figures recorded from January to April 2011 show that Ecuador imported $242.7 million from Mexico while Ecuador’s exports totaled $31.4 million. Mexican President Felipe Calderon will visit Ecuador in July.Read Article