Ecuadorian Exporters Seek Financing from the Bank of China
2025-06-06

On May 31, 2025, the Corporation of Exporting Guilds of Ecuador (CORDEX) held a meeting in Guayaquil with executives from the Bank of China. CORDEX represents 75% of the country's non-oil and non-mining exports.
The purpose of the meeting was to explore opportunities for attracting foreign investment and promoting technological cooperation in key productive sectors. Luis Alberto Jaramillo, Minister of Production, Foreign Trade, Investment, and Fisheries, participated in the meeting, emphasising the importance of public-private partnerships in strengthening the national economy. Representatives from the Bank of China presented various lines of credit and financial solutions designed to modernise production processes.
These solutions are designed to incorporate state-of-the-art technologies and enhance sustainability and traceability standards in response to the growing demands of international markets, according to CORDEX's official statement.
China has become the third-largest destination for Ecuador's non-oil exports, with shrimp, bananas, tuna, and cocoa being the leading products. The Trade Agreement between Ecuador and China, which took effect in May 2024, has facilitated access to a market of 1.4 billion consumers by progressively reducing tariffs, saving the country more than $140 million annually, according to CORDEX.
CORDEX highlighted that the Bank of China is positioning itself as a strategic partner to finance projects that increase the added value of Ecuadorian products. The meeting on May 31 marks a significant step toward modernising sectors such as aquaculture, agriculture, and fisheries, which generated over $13 billion in revenue in 2022, according to the corporation.