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Ecuador´s miracle
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7 years of political stability
WHY ECUADOR?
WHY ECUADOR?
GDP growth rate above the average of Latin America and the Caribbean
4.5%
WHY ECUADOR?
one of the lowest unemployment rates
4.8%
WHY ECUADOR?
with public investment over USD 8 billion
85% of highway system has been renovated and expanded
WHY ECUADOR?
renovated and new airports in the territory21
with public investment over USD 320 million
WHY ECUADOR?
new hydroelectric plants for 2016 8
with public-private investment over USD 4.5 billion
multi-purpose projects of irrigation and flood control
with public investment over USD 800 million
6
WHY ECUADOR?
WHY ECUADOR?
7,000
full-ride scholarships provided for higher education last year
almost 2% of GDP in higher education expenditure, the highest
of the region
WHY ECUADOR?
8¢ per kilowatt hour
the lowest cost of energy for businesses in
the region
WHY ECUADOR?
29¢ per diesel liter
after Venezuela the lowest cost of fuel for
the industry
WHY ECUADOR?
72¢ per cubic meter of water
one the lowest costs of water for businesses in the
region
CHANGE IN THE PRODUCTIVE MATRIX
Market diversification
Exports increase
High-quality employment generation
Increase in productivity
Higher incorporation of Ecuadorian components
Product diversification
Environmental sustainability Quality of products
Import substitution
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CHANGE IN THE PRODUCTIVE MATRIX
1 strategic industries development
Refinery of the Pacific Petrochemical industrySteel IndustryShipyard IndustryPaper pulp Industry
2 innovation and entrepeneurship
Venture Capital development (seed capital, early-stage capital)
3 re-industrialization&
tourism
2014: 13.3%2036: 25%
tourism2006: 841.000 tourists2013: 1.366.000 (62%)2017: 1.875.000 (123%)
CHANGE IN THE PRODUCTIVE MATRIX
2013-2014 Investment Catalogue for Strategic Sectors
Basic industries Mining projects Hydroelectric Petroleum fields Telecommunications Environmental projects
CHANGE IN THE PRODUCTIVE MATRIX
Electronic Investment Catalogue for Touristic Projects
Cultural heritage houses Cruise Train Hotel Quito Half of the world project Private projects
CHANGE IN THE PRODUCTIVE MATRIX
Code of Production Tax and non-tax incentives Investment contracts for 15
years, renewable for 15 more
Legal stability Ease on customs procedures
and payments
CHANGE IN THE PRODUCTIVE MATRIX
Economic Development Special Zones (ZEDE)
City of Knowledge “Yachay” ZEDE- Logistics, Technology, Industry
Petrochemical ZEDE- Logistics & Industry
17% Income Tax for ZEDE 0% Income Tax for the first 5 years
for prioritized sectors Tax-free imports
CHANGE IN THE PRODUCTIVE MATRIX
total investment: USD 2.5 billion