OREANDA-NEWS. October 19, 2011. Azerbaijan and Ecuador will expand cooperation on a number of economic directions.

Ecuadorean Minister of Foreign Affairs, Trade and Integration Ricardo Armando Patinyo Arauca has reported that Azerbaijan and Ecuador have a great potential for development in trade, investment areas , joint implementation of energy projects, port construction projects and so on.

"Ecuador is ready to expand export of high quality and competitive food and agricultural production to Azerbaijan , in particular prawns, roses, bananas , coffee, etc. As we are also an oil country although with less production volumes we can cooperate in implementation of oil projects and recommend Azerbaijan as supplier country on different projects",- he said.

R. Arauca also noted that Azerbaijan can invest its funds to Ecuador and in turn Ecuador can take part in energy and construction projects where it has large work experience.