During a meeting held at the headquarters of the CEOE, Minister of Production, Foreign Trade, Investments and Fisheries of Ecuador, Luis Alberto Jaramillo, highlighted the importance of strengthening collaboration with Spain in strategic sectors such as renewable energy and infrastructure. The conference, opened by Íñigo Fernández de Mesa, vice president of CEOE, and accompanied by Jaime Montalvo, international director of the Spanish Chamber of Commerce, and the Deputy Director General for America of the State Secretariat for Trade, Isabel Rata, presented the investment opportunities existing in Ecuador and highlighted the potential for cooperation between both countries.
"Spain, as Ecuador's third largest trading partner and main provider of foreign direct investment, will continue to collaborate to strengthen and expand bilateral ties for mutual benefit," said Isabel Rata, highlighting Spain's willingness to continue working with Ecuador.
In his remarks, Jaramillo mentioned the various collaborative initiatives, especially in energy and infrastructure. "Ecuador has a great export vocation"It's linked to the world and not so much to the domestic market," the minister commented. Regarding the energy transition, he noted that the country seeks to diversify its energy mix, which currently relies on hydroelectric power for 85% of its energy needs.
"There are very interesting opportunities in energy, infrastructure, and mining," added Jaramillo, who also highlighted Ecuador's interest in attracting investment for key projects such as the construction of viaducts and the improvement of road infrastructure.
From Chamber of Commerce of Spain, Jaime Montalvo He praised the progress in trade relations between the two countries: "Trade and investment relations between Spain and Ecuador have evolved positively, but there is great potential for further development." He also highlighted the Spanish Chamber of Commerce's strong commitment to supporting and... internationalization of Spanish companies, both through agreements such as the one they maintain with CEOE and the Secretary of State for Commerce for the celebration of business events, as well as with Trade missions and information days"Our goal is for a greater number of companies, particularly small and medium-sized ones, to join not only trade, but also investment in Ecuador," Montalvo commented, referring to the opportunities being promoted in the country.
For her part, the ambassador of Ecuador in Spain, Wilma Andrade, congratulated the collaboration between CEOE and the XV Ibero-American Business Meeting, recently held in Cuenca. "Success cannot be achieved without public-private collaboration," Andrade emphasized, mentioning that Ecuador is an attractive destination for Spanish investment thanks to its dollarized economy, low inflation and strategic location.
Íñigo Fernández de MesaThe CEOE vice president also highlighted the intense collaboration with Ecuador on key projects: “We are collaborating very closely with hotels in Ecuador to promote the presence of Spanish companies in the country. Recently, a few weeks ago, we collaborated on the preparation of the Cuenca Business Summitwith the participation of over a thousand companies. And today we had the opportunity to meet with the Minister of Production, who explained in great detail the investment opportunities through public-private partnerships for Spanish companies in the development of Ecuador's infrastructure. We are very pleased with the meeting. There was a great deal of interest from these companies, and I am sure that in the coming months we will see numerous Spanish companies participating in infrastructure development with Ecuador.
The event also provided an opportunity to learn about the opportunities that Ecuador offers in key sectors for Spanish companies, such as renewable energy, infrastructure and mining.
Any questions about this news?
Talk to Coexia, the AI of the foreign trade
