The two countries are seeking to bolster economic relations. Japan is contributing to relief efforts following the earthquake in the Ecuadorian province of Manabí.

On September 7, 2016, the 4th Meeting for Political Consultations between Ecuador and Japan (link in Spanish) was held in Tokyo. Delegations from the two countries agreed to deepen political dialogue, promote economic and commercial relations, and consolidate cooperation and technical assistance.

Specifically, the two countries signed an agreement through which Japan will provide Ecuador US$2 million in nonrefundable financial assistance (link in Spanish) for the purchase of high-tech equipment for the prevention and mitigation of natural disasters.

Those present also underlined the particular significance of the hundredth anniversary of the establishment of diplomatic relations (link in Spanish) between the two countries. It was agreed that a special programme would be developed to enhance this relationship, including visits to Quito and Tokyo from high-level authorities and high-profile individuals and the identification of mechanisms to increase and diversify trade.

After taking part in working sessions with the Japan International Cooperation Agency (JICA), the Japan External Trade Organization (JETRO), and the Japan Business Federation (Keidanren), the deputy minister of foreign affairs and political integration, Fernando Yépez, reaffirmed the Ecuadorian government’s decision to strengthen political and diplomatic relations with Japan. He also encouraged Japanese companies to invest in Ecuador and take part in the development of the infrastructure projects currently being built in the country. He made a point of thanking Japan for the assistance it had provided to the victims of the earthquake that Ecuador suffered on April 16, 2016.