Ecuador Business In A Nutshell

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 has strong exports of bananas and flowers. The principal industries are petroleum, textiles, processing of foods, chemicals and wood. Its main export partners are the United States, Chile, Peru, Russia and Colombia. Its import partners are the US, China, Colombia, 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 do business in Ecuador, you should start by getting in touch with embassies and consulates. If you want to search for potential business partners online, register and surf B2B marketplaces that specializes in Latin America for best 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.

By: joshadekane1

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Ariel Dess specializes in helping companies successfully import and export with Latin America. To access to his valuable resources, tips and links, click here leads online