Colombia and Ecuador will open joint commercial office in Israel focused on attracting innovation

In order to promote entrepreneurship and innovation, Colombia and Ecuador will implement a shared commercial office in Jerusalem (Israel).

This decision was made during the X Binational Cabinet held last week in Cartagena (Colombia) and which was led by Presidents Iván Duque and Guillermo Lasso, of Colombia and Ecuador, respectively.

Ecuador’s entry into the Pacific Alliance would be postponed until the first half of 2022

Colombia is the fourth destination for Ecuadorian non-oil exports, from January to October 2021 shipments to that country reached $ 661 million, 1.5% more than in the same period of 2019, it also stands out as an important supplier.

Meanwhile, for the implementation of the office, the Minister of Production, Foreign Trade, Investments and Fisheries of Ecuador, Julio José Prado, and the head of the portfolio of Commerce, Industry and Tourism of Colombia, Ximena Lombana Villalba, signed a memorandum of understanding.

“This will allow us precisely to attract the best technologies, investments directly to the two countries,” said Prado after signing the document.

For his part, Villalba highlighted the articulated work of the two governments so that both countries participate in Israel’s ecosystem of entrepreneurship and innovation.

The memorandum, the first of its kind in the country’s cooperation history, will last for five years, extendable, and expresses mutual interest in promoting entrepreneurship, innovation and applied technology in Israel’s ecosystem, which will allow bringing the best practices to the Ecuadorian industry and consolidate new opportunities.

Guillermo Lasso aspires to the full reopening of the border with Colombia in three points

Ecuador and Colombia, in order to comply with the provisions, will coordinate joint strategies, will also develop a framework for action and management of conflicts of interest and other related matters. (I)