Business Ecuador should be an option to increase your distribution channels in Latin America as this country has large natural resources, various agricultural products and good infrastructures for the tourism industry. Its location is also a benefit as it is situated at the entrance to South America.
Ecuador is situated in South America bordering Colombia and Peru. It is the fourth smallest country in the region. The capital is Quito. Spanish is the primary language spoken although the business people do speak English. The official legal tender is the American dollar which fluctuates less than other currencies in the region.
Ecuador business is very well known for its strong banana and flower exports. Its main industry is petroleum, food processing, textiles, wood products and chemicals. Its main exports partners are the US, Peru, Chile, Russia and Colombia. Its main imports partners are the US, Colombia, China, Brazil and Japan.
The Manabi tax free zone is also an important aspect of Ecuador business. This is an important trading area in the country. This zone was created with the intention to boost trade in the region and promote better cooperation with its neighbors. This zone also encouraged foreign investment which in turn created new jobs. The Manabi free zone is located in Eloy Alfaro which is near the city of Manta and is privately run by a company named Zoframa SA which is also in charge of its development.
To begin doing business with Ecuador, your first step should be to contact consulates and embassies. If you want to use the internet for your search online, then register to B2B marketplaces that focus on trade with Latin America to maximize your results.
As demonstrated in this article , Ecuador business does have various opportunities for foreign companies looking to increase their sales worldwide and expand to new markets.
Ecuador is situated in South America bordering Colombia and Peru. It is the fourth smallest country in the region. The capital is Quito. Spanish is the primary language spoken although the business people do speak English. The official legal tender is the American dollar which fluctuates less than other currencies in the region.
Ecuador business is very well known for its strong banana and flower exports. Its main industry is petroleum, food processing, textiles, wood products and chemicals. Its main exports partners are the US, Peru, Chile, Russia and Colombia. Its main imports partners are the US, Colombia, China, Brazil and Japan.
The Manabi tax free zone is also an important aspect of Ecuador business. This is an important trading area in the country. This zone was created with the intention to boost trade in the region and promote better cooperation with its neighbors. This zone also encouraged foreign investment which in turn created new jobs. The Manabi free zone is located in Eloy Alfaro which is near the city of Manta and is privately run by a company named Zoframa SA which is also in charge of its development.
To begin doing business with Ecuador, your first step should be to contact consulates and embassies. If you want to use the internet for your search online, then register to B2B marketplaces that focus on trade with Latin America to maximize your results.
As demonstrated in this article , Ecuador business does have various opportunities for foreign companies looking to increase their sales worldwide and expand to new markets.
About the Author:
Ariel Dess specializes in helping companies successfully do business with Latin America. To browse to his valuable resources, tips and links, click here supplier
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