Ecuador offers numerous business opportunities, notably in the manufacturing, technology, natural resources and services sectors. On December 3, our guest experts will address several aspects of doing business in Ecuador. Come assess this market’s potential for your company.
A UNIQUE OPPORTUNITY TO…
- Identify business prospects in Ecuador and assess the potential for your company
- Find out first hand, from Ecuadorian authorities, about the country’s advantages for new investors
- Meet potential partners and key players for your projects in Ecuador
- Assess your development strategy through the testimonials of entrepreneurs already active on the Ecuadorian market
See the preliminary program
With an average growth of 4.5 % per year and average non-oil economy growth of 5% per year in the last ten years, Ecuador is among the countries with better economic performance in Latin America. The incorporation of the US dollar as its official currency since 2000 has maintained an economic equilibrium in the region. The public sector’s expenses and investments have increased from 21% of the GDP in 2006 to 44% in 2013, for projects in energy, infrastructure, and transportation, as well as in social sectors.
In 2014, the bilateral trade of goods between Canada and Ecuador was worth a total of 565.8 million Canadian dollars.
Ecuador is a country with certain key factors for Canadian companies to consider. It has an abundance of natural resources, with a subsoil that is high in mining resources, such as petroleum and natural gas, gold, silver, lead, copper, zinc, coal, sulphur, and iron. Ecuador also exports salt.
More than half of the country’s exports come from the exploitation of petroleum resources (2014). Ecuador is also a major exporter of agricultural products (cocoa, bananas, fish, shrimp, and flowers).
Ecuador, facts and figures:
- A current population of over 15 million individuals with an average age of 25
- The largest country in the world without its own official currency (the US Dollar replaced the Sucre in the year 2000)
- A GDP of $100.5 billion USD (2014)
- Ecuador imports industrial materials, fuels and lubricants, and consumer goods worth $23.7 billion USD
- $285.95 million CAD in imports from Canada
WHO SHOULD ATTEND?
All companies that wish to develop their business in Ecuador or that are seeking to learn more about this market
The activity will be of particular interest to companies in the following sectors:
- Engineering companies/firms
- Banks and investors
- Industrial materials
- Agriculture, food and drinks
- Construction and infrastructures
- Petroleum and natural gas
- Mines and metals
- International project management advisors
- Hotel industry
- Companies with experience on the Ecuadorian market
On December 3, explore business opportunities the Ecuadorian market has to offer.