Reunited with more than a hundred Chinese businessmen and a score of Ecuadorians who attended the event, the President of the Republic, Lenin Moreno, opened on Tuesday in Beijing the Ecuador-China Business Forum.
The trip undertaken by Moreno, who is accompanied by the economics ministers,Richard Martínez; of External Relations, José Valencia; and Foreign Trade,Pablo Campana, seeks to expand markets and explore new investments, according to a statement from the Presidency of Ecuador.
“For us, investment and the attraction of capital are State policy. (…) Ecuador is today a country of opportunities, take advantage of them! “, Urged President Moreno, before whom he promoted the opportunities and incentives offered by the country to investors.
He pointed out that the Organic Law of Productive Development cautions the interests of the State and also of the serious and honest businessmen. For this purpose, it increased the existing tax incentives, established others for new investments and for the expansion of those that are already underway.
Currently,144 Chinese companies work and invest in Ecuador, generating works, growth,employment, and exchange of technology and knowledge. “We are convinced that we can form a comprehensive strategic partnership, because our economies are complementary,” the Head of State emphasized.
Ecuador seeks to expand the flow of exports to the Chinese market, which receives our shrimp, bananas and flowers.
Currently,China is the fourth destination of our non-oil exports -with an item of $ 765million in 2018- and the second in the Asian continent. Meanwhile, the Ecuadorian automotive industry is nourished by Chinese production, which increased by 230% in 2017, reflecting confidence in its products.
Previously,the President held a private meeting with the president of the Chinese Council for the Promotion of International Trade (Ccpit), Gao Yang. In the dialogue they evaluated the possibilities of increasing mutual trade. (I)