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Investment & Legal Framework
ECUADOR: An ethical management of the
economy is central to Ecuador’s Development
Some elements of governance must be performed re-
sponsibly ensuring that the development of the econ-
omy is supported in an ethical manner – this is oth-
erwise known as “ethonomics”, something of which
is central to Ecuador’s evolution. However, more
importantly than a government decision, it is national
behavior that defines a nation’s core human, natural,
geographic and historical values. . If these two highly
important values are considered by the people of Ec-
uador then harmony will be found between productive
endeavors and natural sustainable development.
Strategic Reasons for Investing in Ecuador
1. Strategic Geographic location
The origin of the word Ecuador is “equalizer, which
creates balance”. The equator crosses Ecuador, but
its unique positioning in the Andes makes it a country
of four distinct regions:
- The Galapagos Islands in the Pacific: one of the
world largest live laboratories of biodiversity in the
world.
- The Pacific Coast: where world-famous quality prod-
ucts are harvested (e.g. bananas and cocoa)
- The Andean Mountain range: where its special
micro-climate makes agricultural production incred-
ibly efficient for the global flower industry and other
products.
- The Amazonian Region: one of the world’s most
unique and biodiverse spectacles.
2. Air, land and sea access to international
markets.
Located in northwestern South America, Ecuador has
a unique geostrategic position (the port of Manta is
the closest point to Asian ports).
It is the center of America and, therefore, equidistant
from markets such as Brazil, Chile, Argentina, Colom-
bia, Peru, Mexico, United States and Canada.
Thanks to its proximity to the Panama Channel, Ec-
uador also has an economically attractive level of ac-
cess to European and Middle Eastern markets.
3. Climatic diversity that allows a wide range of
opportunities
Nature favors Ecuador with conditions that are stable
and consistent. This allows planning production and
harvests without interruption and excessive risks.
There is a wet and dry season but light is constant re-
sulting in a great variety of fruit, vegetables and spices
all being grown in the Ecuadorian environment.
Agricultural development is aided by the water
streaming down from snow capped mountains and
regular rainfall.
The high quality of Ecuadorian products is not based
on genetic modification, but rather on excellent condi-
tions for production as a result of its privileged geo-
graphical position.
4. Dollarized economy
After 10 years of dollarization the Ecuadorian Econ-
omy could be catalogued as stable, even though the
existence of speculation about a possible de-dollar-
ization. All economic indicators reflect a settled eco-
nomic system with these positive results exhibited in
the growth of GDP.
5. Telecommunication infrastructure
Ecuador has access to the most sophisticated tele-
communications services available globally. It is con-
nected to the fibre optic network which is operated by
Telefonica Wholesale Services.
The network guarantees redundancy according to
international standards. It also has connections to
America II submarine cable, through Pan-American
cable, to the networks Maya, Arcos, Emergía and
Global Crossing (Transnexa network). All cities have
fibre optic connections as it is an indispensable tool
for the development of innovation.
6. Efficient logistics and infrastructure
Over the last two years, Ecuador has invested in infra-
structure development more than in any other coun-
try in Latin America. They are currently working on a
waterway to connect the Brazilian port of Manaus to
Manta, a joint project between both countries that will
eventually enable efficient operations between the At-
lantic and Pacific Oceans.
Ecuador already has 4 public and 17 private ports,
including international airports. Guayaquil airport is
listed as one of the best in Latin America by the In-
ternational Airports Council. A new S.A international
airport is currently under construction in Quito and will
become operational in a matter of months.
7. Great human potential and social investment
Ecuador is also taking considerable steps to transform
its educational system, recognizing that knowledge
is becoming increasingly important to the national
economy as more and more educated pr ofessionals
are needed.