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Latin America Investment News on Viva Tropical

Ecuador’s Industrial Sector Grew 17% in 2011

Article Summary:

Ecuadorian exports of manufactured goods grew 18% in one year, which reached 41% of the non-oil export sector of the country.

Original Article Text From America Economia via Google Translate :

Ecuador’s Industrial Sector Grew 17% Between 2010 And 2011

The first result of the fairs Ecuador purchase Ecuador, held in Quito and Guayaquil in 2011, was the trade of U.S. $ 57 million from more than 500 small and medium producers and thirty large retail chains, according to the report for the Ministry Industry and Productivity.

The analysis assumes that this inclusion replace imports around U.S. $ 250 million. The Minister of Industry and Productivity, Veronica Sion, also reported that the industrial sector grew 17% between 2010 and 2011.

However, the official noted that the goals of portfolio diversification concern, the food, for example, recorded an increase of 14%. Ten new industries appeared the previous year, the minister said, noting that it expects to receive an investment of about U.S. $ 180 million for the manufacture of glass.

Ecuadorian exports of manufactured goods grew 18% in one year, which reached 41% of the non-oil export basket of the country.

In its policy to encourage small and medium enterprises (SMEs) approved 135 enterprises with a budget of U.S. $ 7,321,900, submitted by contest rounds.

Link to Original Article:

From America Economia

Latin America Investment News on Viva Tropical