China-Ecuador FTA negotiations started in February, 2022. On February 16 this year, the third meeting of chief negotiators of China-Ecuador FTA was held virtually, at which both sides confirmed the conclusion of FTA negotiations. The teams of the two sides will complete the follow-up work such as legal review of the texts, fulfill their domestic procedures and work to officially sign the FTA at an early date. In 2022, bilateral trade between China and Ecuador reached a record high of USD13 billion, with a year-on-year increase of nearly 20%. We believe that China-Ecuador FTA will further tap the potential of bilateral trade, promote the sustained, stable and diversified development of trade and investment between the two countries, and push bilateral trade and economic cooperation to new heights. Thank you.