Relationship dossier
Ecuador
Iceland
Relationship assessment
Economic cooperation is framed by the EFTA-Ecuador free trade agreement.
Ecuador toward Iceland
+15Ecuador joined the EFTA-Ecuador free trade agreement, which provides a framework for trade with Iceland as an EFTA member.
Iceland toward Ecuador
+15Iceland participates, through EFTA, in the free trade agreement with Ecuador, providing a framework for economic cooperation.
Overall relationship
+15The relationship has a concrete economic foundation in the EFTA-Ecuador free trade agreement, but the extent of broader bilateral cooperation is unclear.
How to read these scores
Scores are rough judgments, not objective measurements or current verification. Directional scores describe government policy and conduct, not public opinion. The overall score is an independent estimate, never an average.
- −100
- Extreme sustained hostility
- −50
- Substantially adversarial
- 0
- Mixed or neutral, supported by knowledge
- +50
- Substantially cooperative
- +100
- Exceptionally close sustained partnership
“Not assessed” means there is no recorded score. Pair existence makes no claim about diplomatic recognition or established relations.
Relationship context
Overview
Ecuador and Iceland participate in the EFTA-Ecuador free trade agreement, signed in 2018 and in force from 2020. The agreement provides a concrete framework for economic cooperation, though the wider scope and intensity of bilateral government engagement are unclear.
Key developments
Ecuador and EFTA states, including Iceland, signed a free trade agreement.
The EFTA-Ecuador free trade agreement entered into force.
Major uncertainties
- The extent of bilateral cooperation beyond the EFTA-Ecuador trade agreement is unclear.
- The agreement's practical effects on bilateral trade and government cooperation are uncertain.