Ecuador and China strengthen trade relations with new agreement.

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Source: Financial Times
TL;DR Summary

China has signed a free trade agreement with Ecuador, deepening its economic ties with Latin America. The deal will eliminate tariffs on 99% of goods traded between the two countries, and is expected to boost China's access to Ecuador's resources, including oil and seafood. The agreement comes as China seeks to expand its influence in the region, which has traditionally been dominated by the US.

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