India and Ecuador exploring preferential trade deal to boost economic ties

India and Ecuador are exploring a preferential trade deal to boost economic ties. The two countries are also strengthening cooperation in areas such as healthcare, agriculture, and digital technology. External Affairs Minister and his Ecuadorian counterpart discussed ways to solidify bilateral relations, reaffirming their commitment to enhancing cooperation in multiple areas. A Memorandum of Understanding was signed for Indian grant assistance to implement 'Quick Impact Projects' in Ecuador, and discussions were held on a preferential trade agreement and scaling up Indian pharmaceutical exports.