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  • 1. A 21st Century Country Paradigm
    Hankuk University of Foreign Studies
    Seoul, Korea
    April 13, 2011
  • 2. Ecuador, South America
    Ecuador: Posición Geográfica Estratégica
    • Panama canal
    • 3. 3,5 hoursflight time tothe USA.
    • 4. Directflight and sea connectionswithEurope
    • 5. ClosestportbetweenAsia and South America
  • An ethical economy
    An ethical management of our economy is at the center of our country development.
    Our government has decided to bolster the rights of our society and the environment, through innovative, clear regulations that encourage efficient business operations, while ensuring respect for nature, our workers and our society as a whole.
    Hoja para
    Texto Información
    extenso
    Área cuadroso información
  • 6. the human being is not just another factor in production, it is in itself the reason for production
  • 7. Necessary reform of the State
    Actions
    Results
    Constituent Assembly
    Tax amendments
    Elimination of extreme outsourcing
    Production Code
    Modern institutional framework
    Fiscal stability
    Fair labor relations
    Incentives and a clear framework
    for investment
    Área cuadroso información
  • 8. Development model and the role of the State
    The Production Code sets out a new, modern legal framework, encouraging private investment.
    The code specifically highlights the Government's model for economic development and transformation of our production matrix
    Monetary policy based on dollarization.
    General incentives for private investment to make our country more competitive.
    Plus additional Incentives in specific sector with high potential to serve internal and external markets and to shift in productive matrix from the export of primary products to that of added value products. To consult list of sectors go to www.mcpec.gob.ec
    Área cuadroso información
  • 9. Protection for Private Investment
    Legal
    incentives
    Investment
    contracts
    Safe
    investment
    Agreed
    arbitration
    Área cuadroso información
    Production and Investment Code allows for the protection of
    private investment with all these instruments.
  • 10. An intelligent investment
    Korea
    7 Strategic reasons
    Área cuadroso información
    Mega-diverse country and tourism
    Growing and stable economy
    Strategic location and logistic axis
    Human talent
    5. Access to Andean
    and world’s markets..
    6. Protection and Incentives
    for the investor.
    7. Dollarized economy.
  • 11. ECUADOR: Why invest in Ecuador?
    The most megadiverse compact country of the world, rich and diverse culture and unique tourist attractions
    1
  • 12. Hoja para
    Texto Información
    extenso
    Área cuadroso información
    The eco-centre of the world: the most compact an mega diverse per m2
  • 13. The eco-centre of the world : multiple peoples of different cultures live in peace
  • 14.
  • 15.
  • 16.
  • 17. The Constitution of Ecuador is the first one that recognizes the nature’s rights (pacha mama: mother Earth)
  • 18.
  • 19. Where the world is at your hand
  • 20. Galápagos Archipiélago
  • 21. Sangay National Park
    Cuenca and Quito: Cultural World Heritage
  • 22. Ecuador International Living´s Top 1 country to Retire in 2010
    In terms of cost of real state, special benefits, cost of living, culture, health, infrastructure, safety/stability and weather.
    Source: International Living magazine
  • 23. ECUADOR: Why invest in Ecuador?
    2
    A growing, sound and stable economy
  • 24. GDP GROWTH
    *Provisional data
    Source: BCE
  • 25. NON OIL GDP GROWTH
    Provisional data
    Source: BCE
  • 26. Public Investment Evolution/ Nominal GDP
    Capital expenses of SPNF/GDP
    Others from capital
    Gross fixed capital formation
  • 27. Dynamism of Investment: FBKF/Nominal GDP
    Gross fixed capital formation
    Capital expenses of SPNF/GDP
    Non-financialpublic sector
  • 28. Solvency: Debt/GDPSince 2002, the ratio between public debt to GDP has been decreasing, placing the DEBT/GDP ratio as favourable compared to the levels of other countries in the region.
    Internal Public Debt
    External Public Debt
    External Public Debt/GDP
    Internal Public Debt/GDP
    Source: Central Banks of each country
    Source: BCE
  • 29. Manufacturing: Annual growth per quarter(Excludes petroleum refinement)
    8,0% growth in the first, second, and third quarters of 2010 compared with 2009.
    Source: BCE
  • 30. Manufacturing: Annual growth per quarter(Excludes petroleum refinement)
    8,8% growth in the first, second, and third quarters of 2010 compared with 2009.
    Source: BCE
  • 31. Export: sustained 10% growth rates since 2000
  • 32. Dynamic private consumer activity
    Ecuador has a vigorous economy, backed by an increase in disposable income and by credit growth.
    Source: Central Banks of each country
  • 33. Lowest unemployment rate of the Andean Region
    National
    Urban
    Rural
    Source: INEC, ENEMDUR 2003-2010
    Production: MCDS-SIISE
  • 34. Less leveraged economy: Businesses, households, Government, IFI’s
    Ecuador offers a solid and solvent economy with low levels of public and private debt. Foreign investment should complement domestic investment, thus reverting the substitution (crowding out) process.
    External Private Debt/GDP
    Credit /GDP
    Source: Superintendence of Banks
  • 35. A healthy financial system
    The Ecuadorean financial system is a healthy one with robust growth in capital formation and credit allocation.
    LOAN PROTFOLIO
    OBLIGATIONS WITH THE PUBLIC
    OBLIGATIONS WITH THE PUBLIC
    LOAN PROTFOLIO
    Source: Superintendent of Banks
  • 36. Big opportunities for ethical and responsible investment.
    * Relation between total volume of foreign debt and GNI (information from countries as of 2009)
    Source: World Bank
  • 37. 3
    Strategiclocation
  • 38. ECUADOR
    Airport Development Area
    Surface : 70 Has.
    ECUADOR IS A STRATEGICLOCATIONFORASIAN AND MIDDLE EAST INVESTORS:
  • 39. Infrastructure
    Ecuador: Public Investment, by sector 2007-2010
    USD$
    agricultural infrastructure
    Road infraestructure
  • 40. Ground transport infrastructure
    National Airport
    International Airport
    Ship piers (in study)
    Connectivity in Ecuador
    Fuente: MINTUR (Plan de Marketing Internacional)
    Source: Ecuador´s Ministry of Tourism
  • 41. Great Human Talent and Social Indicators
    4
  • 42. Social Investment as GDP %
    Source: MF
  • 43. Education rates
  • 44. Decrease in poverty (by income)
    Source INEC, ENEMDUR 2001- June 2010
    Production: MCDS-SIISE
    Note: in 2002 the poll sample was only from urban areas
  • 45. National
    Urban
    Rural
    Inequality reduction
  • 46. 5
    Access to Andean and Global Markets
  • 47. Access to Regional and Global Markets
    • Agreement with Mercosur
    Provides Ecuador with the potential to export
    approximately 4.000 products with no tariffs to
    Brazil and Argentina.
    • GSP PLUS – European Union
    Provides Ecuador with the potential to export
    approximately 7.800 products with no tariffs.
  • 48. 6
    Incentives for Private Investment
    Área cuadroso información
  • 49. General Incentives for investments
    Reduction from 25% to 22% on the Income Tax (IT)rate:
    1% each year from the date the Code will be in force
    Exemption from the minimum Income Tax calculation for incremental expenses new employment or salary increases, acquisition of new assets for productivity and technology improvements and cleaner production.
    For new companies: exemption from the minimum tax payment for the first 5 years.
    Exemption from Currency Outflow Tax (ISD)for payments sent overseas to pay foreign loans, with a term of over one year and at a rate not higher than that authorized by the Ecuadorean Central Bank (BCE).
    Área cuadroso información
  • 50. General Incentives for investments
    Additional deductions in the calculation of income tax as mechanisms to encourage improvements in productivity, innovation and eco-efficient production.
    Benefits for the opening-up of capital, such as the deferment of Income Tax for companies that offer investment options to external parties.
    Those established for special development zones, providing they meet the qualifying criteria.
    Área cuadroso información
  • 51. Incentives for New Investment In Priority Sectors
    Total exemption from income tax and advance payment thereof, for 5 years, for new investments made in priority sectors of the economy.
    Área cuadroso información
    Fresh and processed foodstuff sector
    Metalworking
    sector
    Petrochemical sector
    Forestry and agroforestry chain, and resulting manufactured products sectors
    Tourism sector
    Logistics services
    sector
    Biotechnology and
    applied software
    sector
    Renewable
    Energy
    sector
    Pharmaceutical
    sector
    + STRATEGIC SECTORS FOR EXPORT PROMOTION AND IMPORT SUSTITUTION
  • 52. Incentives for green production
    For Income Tax calculation purposes, there will be an additional deduction of 100% from the expense of purchasing machinery and equipment for cleaner production, and for the implementation of renewable energy systems (solar, Aeolic, or similar), or for the mitigation of environmental impact.
    Área cuadroso información
  • 53. Incentives for Investment in Economically Depressed Areas
    Companies making investments in economically depressed areas may take advantage, for the first 5 years, of the additional 100% deduction on expenditure for new jobs created in the area,..
    A “depressed area” will be defined by indicators, such as lower human, economic, and social development.
    Área cuadroso información
  • 54. Incentives for ZEDE
    (Special Economic Development Zones)
    A further reduction of 5 percentage points on Corporate Income
    Tax, for managers and operators of ZEDE (in Spanish), on a permanent basis (17% TOTAL). If said managers and operators are in a Preferential Sector and it is a new investment, 0% income tax applies for 5 years.
    The import of goods will have a 0% VAT rate.
    Foreign goods, while they remain in said territory, will not be subject to the payment of tariffs.
    Managers and operators will have tax credit on the VAT paid on their local purchases of services, supplies and raw materials for their production processes.
    Exemption from the Currency Outflow Tax (ISD in Spanish) for payments of imports and payments sent overseas to pay off foreign financing.
    Área cuadroso información
  • 55. Incentives for private companies
    that open their capital structure
    Companies choosing to open up their capital structure and sell shares to their workers, will have the following benefits:
    Área cuadroso información
    Deferment of 5 years on Income Tax and IT Anticipated payments.
    Interest exemption on loans for financing the shares purchase.
  • 56. Infrastructure´s investment opportunities
    Espacio para texto y título
    Espacio para texto y título
  • 57. Manta´s Inter-continental Logistic Platform
  • 58. ECUADOR
    Airport Development Area
    Surface : 70 Has.
    MANTA iNTER-CONTINENTAL LOGISTIC PLATFORM: MULTI MODAL OPERATION: PORT, AIRPOT, FLUVIAL, TRANSPORT
  • 59. Seaport development of Manta: Gateway and transhipment port
    • Natural depth of 12 mt.
    • 60. Container and general cargo transit
    • 61. Half a million containers per year potential
    • 62. Entryway to the two-ocean axis, Pacific-Atlantic
    • 63. Entry to cruise liners
  • Manta’s intercontinental and multi-mode logistics platform
    Short and mid-distance air/maritime (cabotage) /land transportation
    Long distance air and maritime transportation to Asia
    Short and mid-distance air/land and river transportation to Manaos, Brazil
    Logistics platform binds logistics infrastructures in the same geographical spot:
    Deep water port
    International airport
    ZEDE (Special Economic Development Zone)
    Short and mid-distance air, maritime (cabotage) , land transportation to Peru
  • 64. Manta: an efficient cargo and passenger connexion with Asia
    Beijing
    Seoul
    Shanghai
    6244 nm
    Hong Kong
    5895 nm
    6147 nm
    Manta
    4186 nm
    Tahiti
  • 65. GENERAL
    Continent: American – South America
    Country: Ecuador
    Province: Manabí
    Geographic 0°57’ Latitude South
    Location: 80° 43’ Longitude West
    Climate: Tropical dry
    Altitude (average): 6 m. s. n. m
    Rain: 210 m. m.
    Average Temperature: 26° C in winter
    24° C in summer
    AIR CONNECTIONS
    Bogotá 500 NM
    Panamá 600 NM
    México 1600 NM
    Lima 700 NM
    Chile 2000 NM
    Buenos Aires 2376 NM
    Sao Paolo 2406 NM
    LAND CONNECTIONS
    Guayaquil: 190 kms
    Quito: 400 kms
    Cuenca : 446 kms
    North border: 687 kms with Colombia
    South border : 466 kms with Perú
    STRATEGIC ADVANTAGES
    • It’s the closest point to Asia from the western coast of South America.
    • 66. 7 days, 24 hours air operation
    • 67. It’s 25 miles from the international traffic route.
    • 68. It’s 56 miles from the Equator.
    • 69. It’s 24 hours from the Panama Canal.
    • 70. No visa required.
    MANTA
    MANTA
  • 71. 100 METERS OF FISHINGBERTH
    TERM: 1 YEAR
    225 METERS OF INTERNATIONALBERTH
    TERM: 1 YEAR
    10 acres OF STORAGE YARDS
    TERM: 1 YEAR
    Operational Capacity : 200 mil TEUS/año
    EXTENSION
    110 METERS OF INTERNATIONALBERTH 2
    TERM: 1 YEAR
    4 acres OF STORAGE YARDS
    TERM: 1 YEAR
    Operational Capacity : 50.000 TEUS/year
    EXTENSION
    110 METERS OF INTERNATIONALBERTH 2
    TERM: 1 YEAR
    Área cuadroso información
    310 METERS OF CONTAINERBERTH
    TERM: 1.5 YEARS
    LEVEL: – 14 M .
    DREDGING
    TERM :1 YEAR
    LEVEL: -14 M.
    550 METERS OF BREAKWATER
    TERM: 1 YEAR
  • 72. PORT – AIRPORT INTEGRATED SYSTEM
           
    There is a fast way connecting the Port with the Airport in 6 minutes, making it a great comparative advantage with the region.
    PORT
    8 km
    AIRPORT
    PORT – AIRPORT CONNECTION
  • 73. Airport Development Area
    Surface : 70 Has.
    EXCELLENT CLIMATIC CONDITIONS 99% OF THE YEAR
  • 74. MANTA: AIRPORT ADVANTAGES
    • Airport at sea level;
    • 75. Easy instrumental procedures, obstacle free;
    • 76. Alternative Airports at less than 25 minutes (SALINAS and GUAYAQUIL);
    • 77. Airport with quality services and standard operations for customers according to airline;
    • 78. Shortest distance to Asia
    • 79. Manta- Tahiti- Asia Route in process
    • 80. Pilot training school for Latin America
  • Freeways
  • 81. 2012: delegation to private sector of US.5.520 million
    Highways
  • 82. Tourism
  • 83. Ecuador tourist routes
    Source: Ecuador´s Ministry of Transportation and Public Infrastructure.
    Source: Tourism Marketing Plan of Ecuador. Ministry of Tourism
  • 84. A Paradigm for the 21st Century
    Thank You!!!
    Thank You!!!
    Embassy of Ecuador in the Republic of Korea
    EcuadorKoreaEmbassy@gmail.com