Name
KEYNOTE: Latin America Investment Opportunities in Plastics and Regional Logistics within Free Trade Zones
Dario Herrera
Date
Tuesday, February 11, 2025
Time
8:30 AM - 9:00 AM (EST)
Location Name
Grand Doral Ballroom
Description

Ecuador offers a wealth of investment opportunities, particularly in its growing plastics and logistics industries within free trade zones. Backed by a skilled labor force and robust government support, Ecuador encourages Foreign Direct Investment (FDI) across key sectors, including manufacturing, agribusiness, tourism, and real estate. Its free trade zones provide attractive benefits such as duty-free imports, tax-free exports, and unrestricted profit repatriation, making it an ideal destination for international businesses, especially U.S. exporters. In addition, a South Korean-funded study is underway to develop a cutting-edge logistics hub near Manta in the Manabí province, aimed at improving maritime and air logistics between Asia and Latin America, serving a market of 125 million people from Colombia to Chile. These developments highlight Ecuador's strategic role in global trade and regional economic growth.

 

Market Opportunities

  • Skilled Workforce: Ecuador boasts a robust labor pool, positioning the country as an attractive destination for global investment.
  • Government Support: The Ecuadorian government actively encourages Foreign Direct Investment (FDI) across key sectors, including manufacturing, logistics, agribusiness and forestry, tourism, mining, real estate, and fishing and aquaculture.
  • Free Trade Zones: Ecuador’s free trade zones offer significant incentives, such as duty-free import of raw materials and machinery, tax-free export of finished or semi-processed goods, and unrestricted profit repatriation for businesses operating within these zones.
  • U.S. Export Opportunities: Ecuador presents substantial opportunities for U.S. small-to-medium-sized exporters, particularly in sectors such as plastics machinery, automotive parts, water resource equipment, orthopedic devices, telecommunications equipment, and tourism-related products.
  • Agriculture & Imports: While Ecuador is the world’s leading exporter of bananas, there is growing demand for agricultural imports such as cotton, yellow corn, soybean meal, and a variety of consumer food products.

Free Trade Zones and the Manabí Logistics Hub: Directly Connecting Asia and Latin America

  • Supported by financial cooperation from the South Korean government, a comprehensive study is underway to establish a state-of-the-art logistics hub near Manta in the Manabí province. This hub aims to enhance maritime and air logistics between Asia and South America, serving a market of 125 million people across countries from Colombia to Chile.