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The commercial gateway to Ecuador

Article - January 29, 2013
Built more than 50 years ago, Guayaquil’s maritime gateway accounts for 70% of all foreign commerce in the country and is key for the tourism industry
Without doubt the growth of Guayaquil’s port has been an amazing adventure. “The port has become the biggest in the country and one of the most important in the region, which will allow it to continue aiding the economic growth of Ecuador for years to come,” says José Miguel Muñoz, Director of Contecón Guayaquil SA, a subsidiary of the International Container Terminal Inc. (ICTSI), which manages ports and container terminals around the globe.
 
The city of Guayaquil enjoys a privileged geographical location, at both a regional and global level, that allows it to distribute products in an efficient manner. “Guayaquil has one very important feature in its favor, that is its location that gives it a competitive advantage for the region and the country,” says Muñoz. “The location of Guayaquil and its port offers low economic costs in the transfer of raw materials and capital goods for businesses, investors and domestic and foreign industrialists, thus offering great opportunities to set up production bases in Guayaquil and the rest of the country.”
Spain has established itself in the last decade as the main European investor in Latin America 
Since August 2012, the port of Guayaquil now has capacity for more than 1.5 million 20 feet containers, placing it among the 10 most important ports in Latin America, according to the Economic Commission for Latin America and the Caribbean (CEPAL).
Thanks to its location and the investments made in it, the Libertador Simón Bolívar of Guayaquil Port now has the capacity to deal with the cargo ships of Ecuador’s foreign trade operators. “The Ecuadorian market is diversifying more and more its exports and thus changing the way it transports goods so that they arrive fresh and safe at their destination in any part of the world,” explains Muñoz.
 
The economic growth of the country and the port in Guayaquil is a significant factor to why investors are attracted. Spain established itself in the last decade as the main European investor in Latin America, becoming a leader in various key markets with investments estimated at more than $21 billion. “The commercial relationships between Ecuadorian and Spanish economic and social bodies are very important,” says the director of Contecón. “Both countries should increase their commercial links, on both cultural and co-operative levels, that allow not only a commercial exchange, but also the sharing of services and technology,” he adds.

  2 COMMENTS



Eduardo Orive
06/03/2013  |  18:25
100% of 1

He usado este puerto los últimos 20 años y puedo decir que el nivel de profesionalidad es altísimo.

J. Fiz
10/09/2013  |  19:15
100% of 1

Esta mil veces mejor que el puerto de Buenaventura en cuanto a desarrollo de los alrededores pero es verdad que el de Buenaventura es más grande e importante...