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Ecuador–Malaysia relations

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Ecuador–Malaysia relations
Map indicating locations of Ecuador and Malaysia

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 that is supervised by Malaysian embassy in Santiago.[2] Both countries are members of the Non-Aligned Movement.[3]

History

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Diplomatic relations between the two countries have been established since 1994, and since then the relations have been described as "very friendly".[4] The relations are mainly in the economic bilateral relations.[4] In 2014, Ecuadorian Foreign Minister Ricardo Patiño concluded his first official visit to Malaysia and both began to increase their economic partnership in bilateral relations.[5][6] A memorandum of understanding (MoU) was also signed during the meeting.[7]

Economic relations

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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.[8] 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.[8][3][9] Several Memorandum of Understanding (MoU) has been signed by both countries to enhance the economic relations.[9][10][11] 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 agreement on innovation and technology transfer.[12][13] 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.[14] 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.[15] 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.[16][17]

Further reading

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References

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  1. ^ "Embajada del Ecuador en Malasia" (in Spanish). Ministerio de Relaciones Exteriores y Movilidad Humana. Archived from the original on 13 May 2014. Retrieved 10 May 2014.
  2. ^ "Honorary Consul". Ministry of Foreign Affairs, Malaysia. Archived from the original on 16 January 2014. Retrieved 15 January 2014.
  3. ^ a b "Malaysia, Ecuador can expand trade, says Raja Muda Perlis". New Straits Times. 3 July 2012. Archived from the original on 19 July 2012. Retrieved 15 January 2014.
  4. ^ a b "Ecuador to enhance culture, trade, tourism ties with M'sia". Bernama. The Borneo Post. 27 June 2013. Retrieved 15 January 2014.
  5. ^ "El canciller de Ecuador impulsa los lazos bilaterales con Malasia" (in Spanish). El Universo. 26 June 2013. Retrieved 25 February 2018.
  6. ^ "Hubungan Ecuador-Malaysia". Bernama (in Malay). Utusan Malaysia. 27 June 2013. Retrieved 25 February 2018.
  7. ^ "Kenyataan Akhbar : Malaysia Rapatkan Hubungan Ekonomi dengan Republik Ecuador" (in Malay). Ministry of International Trade and Industry (Malaysia). 26 June 2013. Archived from the original on 16 January 2014. Retrieved 25 February 2018.
  8. ^ a b "Ecuador y Malasia acuerdan mayor impulso comercial e inversiones" (in Spanish). UCSG Radio. 26 June 2013. Archived from the original on 12 May 2014. Retrieved 10 May 2014.
  9. ^ a b "Trade relations between Ecuador and Malaysia are strengthened". Ministerio de Relaciones Exteriores y Movilidad Humana. 26 June 2013. Archived from the original on 31 July 2013. Retrieved 15 January 2014.
  10. ^ "Ecuador firma acuerdos con Malasia" (in Spanish). Ecuador Inmediato.com. 26 June 2013. Archived from the original on 13 May 2014. Retrieved 10 May 2014.
  11. ^ "Ecuador impulsa los lazos bilaterales con Malasia" (in Spanish). El Telégrafo (Ecuador). 26 June 2013. Archived from the original on 13 May 2014. Retrieved 10 May 2014.
  12. ^ MASSA (25 April 2013). "Business opportunities for Malaysians". Malaysia South-South Association. Retrieved 15 January 2014.
  13. ^ "Malasia coopera en innovación y transferencia tecnológica con el Ecuador" (in Spanish). Confirmado.net. 4 November 2013. Retrieved 10 May 2014.
  14. ^ Balan Moses (19 September 2012). "Ecuador's petite envoy holds sway". New Straits Times. Archived from the original on 19 September 2012. Retrieved 15 January 2014.
  15. ^ Saiful Bahri Kamaruddin (27 June 2013). "Ecuador Offers UKM To Participate In Its New Vision City". National University of Malaysia. Archived from the original on 16 January 2014. Retrieved 15 January 2014.
  16. ^ "Ecuador compromete a Malasia para financiar un monorriel" (in Spanish). UPI Espanol. 23 January 2013. Archived from the original on 12 May 2014. Retrieved 10 May 2014.
  17. ^ "Ecuador y Malasia refuerzan relación bilateral" (in Spanish). La República (Ecuador). 21 January 2013. Retrieved 10 May 2014.
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