Exports: The achievement of the automotive industry in Ecuador

The domestic automotive industry is not going through its best years. Restrictions, quotas and low demand narrowed the local market. Therefore, spare parts manufacturers looked abroad and begin to see results. Although supply is still limited, businessmen rely on a daily growth.

They know they have to be innovative. Raul Minda, Logistics manager at Road Track and his team understood the challenge and began to export their satellite tracking systems. An Ecuadorian technology that now reaches Brazil.

What was the key? David Molina, executive director of the Ecuadorean Chamber of Automotive Industry, has some answers. The most important generation of scale in production. Road Track, for example, joined General Motors to include the software. That alliance, explained Minda to daily Expreso, has yielded good results.

The representatives of the automotive sector also identified another key: international agreements. Colombia and Venezuela are buyers of Ecuadorean cars and spare parts par excellence. The reason? A complementation agreement that was born within the Andean Community of Nations (CAN). With the departure of Venezuela, the system is mainly applied between Bogota and Quito.

Source: http://expreso.ec/economia/exportacion-empresarial-automotriz-empresas-AD511130