Its strategic location has made many investors and entrepreneurs in the twenty-first century, will meet in Ecuador. Since half the world, the country opened its doors to trade and cultural fields.
Production and Industry
Oil has been the main source of foreign exchange earnings for the country. Since the first quarter of the twentieth century, began its operation in the Santa Elena peninsula. However, in the decade of the seventies began its operation in the Amazon region, becoming Ecuador in one of the major exporters of this resource. Other products of importance to the country’s economy have been bananas, coffee, cocoa, shrimp, timber and tuna, and in recent years, the flowers. For their part, tourism is in fourth place in terms of foreign exchange generation. But the Ecuadorian are vast natural wealth. It is estimated that in the Gulf of Guayaquil there is a gas reserve of 300 billion cubic feet. There are also non-traditional export products, such as certain types of fruit and vegetables that are slowly gaining ground in the international market. The current Ecuadorian legislation seeks to promote the development of industries through the Industrial Development Act, mainly for companies that offer benefits for the country. In addition to large industries such as timber and textile, there are also small-scale industries and handicrafts. It is worth mentioning that craft production in the country is very rich, especially in the textile field.
Towns
Its main cities offer all kinds of services, with the largest hotel chains in the world and infrastructure and cutting-edge technology: Quito, political and financial center; Guayaquil, the last port on the Caribbean and economic capital of the country; Manta, second port, extensive commercial and tourist activity; Basin, educated and kind, the third largest city of the country, rich in handicraft production, mainly in the work of silverware, ceramics and metalwork.