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Montevideo, September 26th 2023 - 20:05 UTC
Brazilian Foreign minister Antonio Patriota arrives Thursday in Ecuador for bilateral talks on trade, investment and immigration, and to attend a day later the Amazon group summit of ministers, reports Itamaraty palace. Read full article
Bilateral trade has trebled from 375 million dollars in 2001 to a billion dollars last year, while Brazilian exports to Ecuador increased 152%, imports have increased seven-fold.
So the reality expressed another way is that Brazilian exports to Ecuador increased 152%, imports from Ecuador have increased 700%! No wonder Patriota has gone to see them.
Imbalance on trade is the order of the day I would imagine.
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