India and Ecuador has signed a Protocol for the establishment of the India-Ecuador Joint Economic and Trade Committee (JETCO) to enhance bilateral trade and investment relations.
It was signed by Mentor Villagomez, Ecuadorian Ambassador to India and Rita Teotia, Commerce Secretary during the meeting between delegations of both countries.
India-Ecuador Joint Economic and Trade Committee (JETCO)
- JETCO aims to further improve, deepen and strengthen the existing trade relationship between India and Ecuador.
- It will function as the primary forum for discussion and other promotional activities on trade and investment issues.
- The meeting will be held once in every two years. The first meeting of the JETCO is proposed to be held early next year in India.
The bilateral trade between the two countries stood at 1290.77 million US dollars during the year 2014-15.