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Trade and Business in Ecuador, Quito

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Syllabus of the Subject: Foreign Trade and Business in Ecuador. Quito.

  1. Introduction to the Republic of Ecuador (Andean Community);
  2. Doing Business in Guayaquil and Quito;
  3. Ecuadorian Economy;
  4. International Trade of Ecuador
    1. Customs of Ecuador;
    2. Import and export formalities.
  5. Foreign Direct Investment (FDI) in Ecuador;
  6. Case Study: Business Opportunities in
    1. Industrial sector;
    2. Fashion and accessories;
    3. Services.
  7. Agribusiness sector. Case Study:
    1. UBESA;
    2. Holding Favorite Fruit Company.
  8. Case Study: Manta-Manaus Multimodal Transport Infrastructure in Ecuador;
  9. Access to the Ecuadorian Market;
  10. Business Plan for Ecuador.

The objectives of the subject “Foreign Trade and Business in the Republic of Ecuador” are the following:

  1. To analyze the Ecuadorian Economy and International Trade;
  2. To know the business opportunities in Ecuador;
  3. To explore the Ecuadorian trade relations with the country of the student;
  4. To know the Ecuadorian Free Trade Agreements;
  5. To examine the profile of Ecuadorian Companies;
  6. To develop a business plan for the Ecuadorian Market.

Online Education (Courses, Masters, Doctorate): Trade and Business in Central America

Foreign Trade and Business in Ecuador:
Ecuadorian Economy (Doctorate, Master, Course)

Online Student (Master International Business Foreign Trade)

The Subject “Foreign Trade and Business in Ecuador” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Masters (MIB): International Business, Foreign Trade.

Masters in International Business and Foreign Trade (MIB) - Online Education

Doctorate (DIB): American Business, World Trade.

Professional Doctorate in International Business (DIB). Online Education

Learning materials in Courses, Masters, Doctorate in International Business and Foreign Trade in English or Study Master Doctorate in International Business in Spanish Ecuador Study, Course Master Doctorate in International Business in French Equateur Masters Foreign Trade in Portuguese Equador.

  1. Credits: 1 ECTS Credits;
  2. Duration: one week.

Foreign Trade and Business in Ecuador

Market Access - Free Trade Agreements (FTA). Online Education (Courses, Masters, Doctorate)

Ecuadorian Free Trade Agreements (FTA).

  1. Ecuador and the Latin American Economic Area;
  2. Andean Community
    1. Andean Community Free Trade Agreements (FTA): MERCOSUR, Chile, Mexico, Panama, and the European Union.
  3. Union of South American Nations (UNASUR);
  4. Latin American Integration Association (ALADI);
  5. Latin American and Caribbean Economic System (SELA);
  6. Mexico-Ecuador Economic Complementation Agreement;
  7. El Salvador-Ecuador Free Trade Agreement;
  8. United Kingdom-Ecuador-Peru Free Trade and Economic Integration Agreement;
  9. Global System of Trade Preferences among Developing Countries (GSTP);
  10. MERCOSUR (Associate);
  11. Central American Integration System (SICA) (observer country).

The Republic of Ecuador retired from the Bolivarian Alliance for the Peoples of Our America (ALBA) in 2018.

  1. Ecuador seeks to join the Pacific Alliance after its departure from the ALBA.

Union of South American Nations (UNASUR) Argentina, Brazil, Bolivia, Colombia, Chile, Ecuador, Guyana, Paraguay, Peru, Suriname, Uruguay, and Venezuela

Trade Facilitation Programs. TFA Agreement. Online Education (Courses, Masters, Doctorate)

Online Education (Courses, Masters, Doctorate): Latin American Economic Integration

American Trade and Economic Organizations:

  1. Inter-American Development Bank (IDB);
  2. Organization of American States (OAS);
  3. Economic Commission for Latin America and the Caribbean (ECLAC);
  4. Summit South American-Arab Countries (ASPA);
  5. Africa-South America Summit (ASA);
  6. Forum for East Asia-Latin America Cooperation (FEALAC);
  7. Community of Latin American and Caribbean States (CELAC)
    1. European Union-CELAC Summit.

Online Education (Courses, Masters, Doctorate): Globalization and International Organizations

Global Organizations:

  1. United Nations (UN)
    1. Conference on Trade and Development (UNCTAD);
    2. International Trade Centre (INTRACEN);
    3. Commission on International Trade Law (UNCITRAL);
    4. World Intellectual Property Organization (WIPO).
  2. OPEC Fund for International Development (OFID);
  3. World Bank (WB);
  4. World Trade Organization (WTO);
  5. International Monetary Fund (IMF);
  6. Pacific Economic Cooperation Council (PEEC).

Andean Community: Bolivia, Colombia, Ecuador and Peru (Course Master Doctorate)

The Republic of Ecuador.

  1. Borders of Ecuador: Colombia and Peru;
  2. Ecuadorian Capital: Quito;
  3. Guayaquil is the second-largest Ecuadorian city;
  4. Official language of Ecuador: Spanish;
  5. Ecuadorian population: 15.7 million people;
  6. Ecuadorian Area: 283,561 square kilometers;
  7. Ecuadorian currency: Dollar USD;
  8. Abolition of Slavery in Ecuador: 1851;
  9. African Diaspora in Ecuador: 1.1 million people (7.2% of Ecuadorian population);
  10. Independence of Ecuador from Spain: 1809, recognized in 1830.

Main religion in Ecuador: Christianity (Catholicism: 13 million).

Ecuador belongs to the Latin American Economic Area (Western-Christian Civilization).

Online Education (Courses, Masters, Doctorate): Christianity and Global Business (Catholicism, Protestantism)

Ecuadorian Economy.

  1. Ecuador benefits from his strategic position that provides the direct access to the East Asian markets and the Western Coast of the United States;
  2. Its proximity to the Panama Canal permits safe access to Europe, the United States, Africa, the Middle East, and Asia;
  3. The Ecuadorian economy is the eighth largest economy in Latin America  after Brazil, Mexico, Argentina, Chile, the Republic of Colombia, Venezuela, and Peru;
  4. The Dollarization of Ecuador creates an advantage negotiating with a strong currency (since January 2000, the U.S. Dollar is the official currency);
  5. Petrol, manufacturing, commerce, and agricultural production are the pillars of the Ecuadorian economy;
  6. Petrol accounts for 40% of the Ecuadorian exports, petroleum exports allow having a positive trade balance;
  7. Ecuadorian GDP growth: 3.8% (economic slowdown);
  8. Inflation of Ecuador: 3.7%;
  9. Tax reform in Ecuador in 2014. Tax amnesty in 2015;
  10. The Union of South American Nations (UNASUR) is in Quito;
  11. Ecuador is a leader in bananas, shrimp, fresh tilapia, tuna, fine cocoa, passion fruit concentrate, palm, pond, leaf snuff, and broccoli production.

International Trade and Business in Ecuador

The main activity of the Holding Favorite Fruit Company is production and export of first-class green bananas, Cavendish variety. The Favorite Fruit Company has a 4.5% share of the worldwide market; exports have shown a continuous growth.

Ecuador Manaus (Course Master Doctorate)

Foreign Trade (Importing, Exporting) Online Education (Courses, Masters, Doctorate)

Foreign Trade of Ecuador.

  1. Thanks to its geographical location, Ecuador has an appropriate climate for growth of many agricultural export products;
  2. Ecuador has an international reputation as a reliable seafood and aquaculture products supplier, the manufacturing industry is known for its strengths in design, quality, and reliability;
  3. Ecuador exports to 150 countries. The largest export markets of Ecuador are the v, and Russia;
  4. Ecuador exports 14,000 million dollars, 50% belongs to petroleum sector and 50% of non-traditional and traditional exports;
  5. Export growth: 6.7%;
  6. Import growth: 2.2%;
  7. Ecuador is the largest bananas, palm of hearts, balsa wood, passion fruit juice, and roses exporter in the World;
  8. Ecuador is renowned for its high-quality food products, including cocoa, coffee, aromatic, and medicinal plants;
  9. The largest import partners of Ecuador are Latin America excluding the Andean Community 37%, the United States 25%, the Andean Community 22% Asia 19%, and the European Union 10%;
  10. The Port of Guayaquil handles a majority of the international trade of Ecuador; it is the economic capital of Ecuador;
  11. Other important ports of Ecuador are Esmeraldas, Manta and Puerto Bolívar (banana). A larger bulk of international trade takes advantage of ocean routes. Every year, there are over 2,500 vessels that leave from Ecuadorian ports.

Ecuador is:

  1. World's leading bananas exporter;
  2. The first palm hearts exporter;
  3. The first roses exporter;
  4. The third largest flower exporter.

Ecuador is a member of the Andean Community and associated to the MERCOSUR

Ecuador Business Opportunities

Chile-Ecuador Economic Complementation Agreement

Hubs in Latin America (Course Master Doctorate)

(c) EENI Global Business School (1995-2022)
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