Under Prime Minister Trudeau’s administration, there has been a great emphasis placed on the importance of Global Commerce and linkages between important markets. The prime example of this is the CETA agreement with Sept 21 as the date targeted for provisional application. Another priority for the Liberal government is the renewed emphasis on the CleanTech sector. Both CETA and CleanTech provide excellent opportunities for Finnish companies.
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Finncham interviewed Mr Galo Abril-Ojeda, Executive President (CEO), Nordic Ecuadorian Chamber of Commerce.
Economic and Political Outlook
Nowadays, a political and economic stability may be in sight since the recently elected President, Lenin Moreno, is trying to open its public policies towards an integration with Ecuadorian private companies, to boost the country´s productive sector. This, given that the previous 10 year left-winged presidential mandate (considering a half way reelection that took place in 2013) focused on developing several basic infrastructure projects and socially beneficial policies, but breaking apart most incentives towards the private sector.
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The SelectUSA Investment Summit is the highest-profile event dedicated to promoting foreign direct investment (FDI) in the United States. Featuring senior government officials, C-Suite business executives, and other thought leaders, each Summit focuses on a timely theme related to the U.S. investment environment, industry trends, and new opportunities.
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Argentina is the second largest economy in South American with a young and growing population of around 44 million inhabitants. After years of isolation and populist policy, the actual government is pushing business friendly reforms to lead the country back to an economic path of growth and stability. The key agenda of the current administration is to boost job creation, increase the standard of living and reduce poverty by business friendly reforms.
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Economic and political outlook of Colombia today and what are the prospects for the country?
The Colombian economy has been growing by 2 – 3 per cent during the last years. The economic growth has slowed down recently. Fall in oil prices followed by devaluation of peso by 40 per cent made Colombia an attractive destination of foreign investments two years ago.
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Central America and the Caribbean with 90 million consumers is an often-overlooked region of opportunities, stated Chris Bennett from the Caribbean Council. Although the markets are small, and the integration is poor, business can be highly profitable in the long run. The largest economies in the region are Puerto Rico, Cuba, Dominican Republic, Guatemala and Panama. The key business areas are energy and extractive industries, transport infrastructure, tourism sector and hurricane reconstruction.
Read MoreFinncham interviewed Mr Galo Abril-Ojeda, Executive President (CEO), Nordic Ecuadorian Chamber of Commerce.
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