Representatives from the public and private sectors and from international cooperation explored the various investment perspectives and their impact on Ecuador during the I Investment Forum of the European Union (EU) in the Andean country, which is part of the Global Gateway strategy.
During the welcome to the Forum held in Quito, the Minister of Foreign Affairs and Human Mobility, Gustavo Manrique, highlighted that “the free exchange of goods and services and the foreign investment energize and strengthen these relationships, generating economic links that benefit not only the business sectors, but the whole of society”.
The country has gained international recognition thanks to its commitment to the environment and sustainable development, he said.
“An example of this is the recent debt swap for nature conservation, the largest in the world and the most important in the history of humanity, which generates savings of US$ 1.1 billion in debt for the country”I note.
With it I know “will invest 450 million for the protection of Galapagos Islands. Initiative that also had the support of the European Union”highlighted Manrique.
The European Global Gateway strategy has a budget of up to 300,000 million euros of investments in the sectors of: climate and energy, transport, digital, health and education and research, the EU recalled this Saturday in a statement.
The EU ambassador in Ecuador, Charles-Michel Geurts, assured that in Ecuador there is space and the will to improve the level of foreign investment.
“More Ecuador in the world, more world in Ecuador has proven to be much more than a slogan. The Government has worked hard to encourage national and foreign investment”, he said in reference to the motto used by the administration of conservative Guillermo Lasso for its international policy.
He added that foreign direct investment is key to sustainable development, drives economic growth, increases productivity, provides technological innovation, and generates quality jobs.
“It is important that Ecuador’s current commitment to investment continues to develop and be maintained over time. The country can count on the full and sustainable commitment of the European Union and its Member States.”stated Ambassador Geurts.
Source: EFE
Source: Gestion
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