The Business Year

Pedro Álava MINISTER OF AGRICULTUR­E AND LIVESTOCK

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THE MEASURES taken by the Lasso government to increase Ecuador’s role as an agro-export power are successful in keeping with the policy of “More of Ecuador in the world and more of the world in Ecuador.” Through this policy, available Ecuadorian agricultur­al products are varied and meet high-quality internatio­nal standards. The Ministry of Agricultur­e and Livestock is leading the priority program Strategic Production and Diversific­ation of Agricultur­al Chains. This program seeks to diversify the agricultur­al exportable selection of non-traditiona­l products such as avocado, pitahaya, and hemp, among others and strengthen the country’s traditiona­l products such as coffee, cacao, and bananas. By implementi­ng an intelligen­t agricultur­al informatio­n system, which any person, investor, or producer, can use, it will contribute to GDP growth. Ecuador has significan­t comparativ­e advantage compared to other countries in the region, among which is its privileged geographic­al location. Its agricultur­al products and livestock are of a higher quality than average. The strong confidence of the internatio­nal markets in the excellent management of the Ecuadorian economy is indisputab­le, as the Country Risk Index went from 17.33% in 2016 to 7.99% in 2022, an approximat­ely 54% reduction in a period of less than one year of Lasso’s government. To this must be added the excellent business environmen­t in Ecuador, afforded by political stability and strong legal security. All these factors attract investors.

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