Latin American Chamber of Commerce, Singapore, and Asociación de Exportadores de Banano del Ecuador (AEBE), forge stronger ties with the signing of a memorandum of understanding
Date: May 26th, 2020
Latin American Chamber of Commerce, Singapore, and Asociación de Exportadores de Banano del Ecuador (AEBE), forge stronger ties with the signing of a memorandum of understanding.
SINGAPORE — The Latin American Chamber of Commerce Singapore (LatAmCham) and Asociación de Exportadores de Banano del Ecuador (AEBE) have formalized their commitment to enhance bilateral cooperation through the signing of a Memorandum of Understanding (MOU). The signing ceremony took place on May 26th, 2020, in Singapore, marking a pivotal moment in the collaboration between these two influential organizations.
Representatives from LatAmCham, led by Angela Torres H., CEO & Founder of LatAmCham, and AEBE, represented by José Antonio Hidalgo, Executive Director of AEBE, gathered at the signing ceremony to solidify the partnership.
The MOU signifies a commitment to strengthen economic and trade relations between Singapore and Ecuador, with a particular focus on fostering cooperation in the agroindustry. Key components of the agreement include:
Market Access and Trade Facilitation: LatAmCham and AEBE will collaborate to identify and explore avenues for expanding market access for banana producers’ companies in Singapore and the broader Southeast Asian region. Efforts will be made to streamline trade processes and facilitate the exchange of relevant market information.
Business Networking and Promotion: The agreement emphasizes the importance of creating opportunities for businesses from both regions to connect and collaborate. Joint initiatives such as trade missions, business forums, and promotional events will be organized to facilitate networking and partnership-building.
Research and Development: LatAmCham and AEBE will explore collaborative efforts in research and development to enhance the quality and competitiveness of banana producers’ companies in the Singaporean market. This includes knowledge-sharing, technology transfer, and joint projects aimed at improving agricultural practices.
The signing of the MOU between LatAmCham and AEBE represents a significant step forward in fostering economic ties and promoting collaboration between Singapore and Ecuador. Both organizations are committed to leveraging this partnership to create new opportunities for businesses and contribute to the growth of the fruit industry in the Southeast Asian region.
and Asociación de Exportadores de Banano del Ecuador (AEBE) represents more than 70% of banana exports from the number one country in banana exports worldwide (Ecuador), promoting the competitiveness and sustainability of the banana industry.