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South America and South Atlantic Islands
Ecuador |
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Country information
TRADE AND INVESTMENT
Trade and Investment with the UK
Trade between the two countries is small. The UK’s main exports are pharmaceuticals, transport equipment, chemical materials/products, and beverages (mainly whisky). In 2005, UK exports to Ecuador totalled £21 million and imports amounted to £42 million (mainly shrimp and tropical fruits).
A Bilateral Investment Promotion and Protection Agreement (IPPA) was signed in 1994. President Correa has said that he wants agreements such as this to be renegotiated. A few UK companies, including Unilever and Lloyds TSB, are still active in Ecuador. Lloyds TSB Bank is one of just two international banks in the market. The Anglo-Ecuadorian Chamber of Commerce promotes links between Ecuador and Britain.
UK Trade & Investment Country Profile: Ecuador
UK Bilateral Development Assistance
The UK has provided assistance worth over £2.4 million over the period 2000 - 2007, covering human rights, environmental protection (including assistance to the oil spill from the ship 'Jessica' in January 2001), street children, women and good governance issues. For 2009, the Embassy has about £60,000 for bilateral projects, and expect this lower level of commitment to continue over the coming years.
