India, Ecuador Deepen Ties: Rs 12 Crore Grant, Trade Roadmap and Health, Solar, Big Cat Alliances Boost Bilateral Partnership

NEW DELHI: India will issue grant assistance worth up to Rs 12 crore to Ecuador over a period of five years for the implementation of socio-economic development projects in the South American nation, the Ministry of External Affairs (MEA) stated on Saturday.

Ecuador's Minister of Foreign Affairs and Human Mobility, Gabriela Sommerfeld Rosero concluded a two-day official visit to India this week, marking a new chapter in the strengthening of bilateral relations between the two nations, the MEA highlighted.

Sommerfeld and External Affairs Minister (EAM) S Jaishankar on April 29 signed and exchanged a Memorandum of Understanding (MoU) regarding Indian grant assistance for the implementation of Quick Impact Projects (QIPs).

During their meeting, both ministers reaffirmed their commitment to enhancing bilateral cooperation in multiple areas, including healthcare and pharmaceuticals, agriculture, trade and investment, digital technology, cultural relations, capacity building, and cooperation in multilateral institutions.

Sommerfeld handed over formal letters marking Ecuador's decision to join the International Solar Alliance (ISA) and the International Big Cat Alliance (IBCA). A roadmap for a Preferential Trade Agreement (PTA) between the two countries was discussed during Sommerfeld's meeting with the Minister of Commerce and Industry, Piyush Goyal. They also discussed scaling up Indian pharmaceutical exports to Ecuador and supply chain partnerships for critical minerals like copper and gold, the MEA detailed.

During Sommerfeld's meeting with Union Health Minister JP Nadda, discussions were held on advancing bilateral health cooperation, specifically focusing on affordable healthcare solutions and high-end medical systems.

Discussions also centred on establishing an institutional technical mechanism to advance various initiatives, including the recognition of the Indian Pharmacopoeia (IP) by Ecuador to exchange information and promote regulatory cooperation, with the aim of strengthening bilateral relations in the field of medical products.

The two sides also agreed to have an MoU on Health Cooperation between the Ministry of Health and Family Welfare and the counterpart Ministry in Ecuador, stated MEA. (IANS)

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