Region:
Argentina
Category:
Economy
Article type:
Informed

Ecuador offers business opportunities for Argentine businessmen

"We dollarized economy, political stability and optimum legal framework for them to invest in Ecuador," said the ambassador of Ecuador in Argentina Gloria Vidal, who before more than 50 entrepreneurs presented the Pro Ecuador Institute

Ecuador's ambassador in Argentina Gloria Vidal met with a group of businessmen to publicize the opportunities offered by his country to foreign investors.

"We dollarized economy, political stability and optimum legal framework for them to invest in Ecuador" said Ambassador Vidal then have stressed that inflation of 4% basic salary of $ 325 and an estimated growth of 4%.

As for investment incentives free transfer of profits abroad, 15-year contracts and free trade agreements with the European Union is provided along the Vidal ambassador made it clear that the main incentive is economic stability.

The areas where opportunities are open for example in the housing construction industry, there is a housing deficit of one million homes, the official bank offers loans to 25 years at a rate of 6%. In Ecuador there is a hunger for making garments of good quality, so has the demand for textile designers.

Located in the basin of the Pacific Ecuador exports 85% of raw materials and has 25% of world banana market and is the leading exporter of shrimp.

traslation: Belén Zapata