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 located in Latin America sharing borders with Peru and Colombia. It is considered as the fourth smallest country in South America. The city of Quito is the capital. Spanish is the official language although sometimes English is spoken in the business community. The currency is the US dollar.
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.
Ecuador business is also known for its tax free zone Manabi, which is an important trading platform in the region. This zone was created to boost the economy and promote trade with its neighbors. It also prompted an increase in investment and created new jobs. The advantages to be in this zone are low taxes on profits, imports and exports. This free zone is located in Eloy Alfaro near the city of Manta and is managed by a private company named Zoframa SA.
In order to start Ecuador business, you can contact embassies and consulates to get more industry specific information. To search for Ecuadorian products and companies, register to B2B marketplaces. For best results, try to find portals that specializes in Latin America.
As you can see, Ecuador business represents several opportunities for companies looking to increase their distribution channels worldwide.
Ecuador is located in Latin America sharing borders with Peru and Colombia. It is considered as the fourth smallest country in South America. The city of Quito is the capital. Spanish is the official language although sometimes English is spoken in the business community. The currency is the US dollar.
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.
Ecuador business is also known for its tax free zone Manabi, which is an important trading platform in the region. This zone was created to boost the economy and promote trade with its neighbors. It also prompted an increase in investment and created new jobs. The advantages to be in this zone are low taxes on profits, imports and exports. This free zone is located in Eloy Alfaro near the city of Manta and is managed by a private company named Zoframa SA.
In order to start Ecuador business, you can contact embassies and consulates to get more industry specific information. To search for Ecuadorian products and companies, register to B2B marketplaces. For best results, try to find portals that specializes in Latin America.
As you can see, Ecuador business represents several opportunities for companies looking to increase their distribution channels worldwide.
About the Author:
Ariel Dess specializes in helping companies successfully do business with Latin America. To access to his valuable resources, tips and links, click here online marketplace
