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Key Challenges to Business Environment in Ecuador

Ecuador's business landscape faces several critical challenges that impede smooth operations and growth. The primary issues include restrictive labour legislation, pervasive corruption, limited government support, inadequate regulatory efficacy, and closed markets. These problems are primarily national in scope, necessitating a comprehensive approach from the government and other stakeholders. Addressing these issues is vital to create a more favorable business environment, as they significantly impact investment decisions and economic development.

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Key Challenges to Business Environment in Ecuador

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  1. 1 Business Environment in ECUADOR

  2. 2 Which are the 5 main issues impeding a business conducing business environment in your country? Write down the issuesnext to the arrows LABOUR LEGISLATION CORRUPTION Business Environment LIMITED GOVERMENT REGULATORY EFFICACY OPEN MARKES

  3. Justify the choice of the issues:

  4. 3 At which level should these issues be addressed? Indicate the levelwhichis the mostrelevant to tackle the particularissue, asshownbelow (eg. Local, national, sectorallevel etc. ) LABOUR LEGISLATION Level National CORRUPTION Level National Business Environment LIMITED GOVERMENT Level National REGULATORY EFFICACY Level National OPEN MARKES Level National

  5. 4 Are these currently priorities for my BMO? Indicate if the issuesidentifiedform part of the strategicpriorities of your BMO (Strategic plan, Business Agenda, Lobbying short-termactionplan etc.) as in the example LABOUR LEGISLATION Level National CORRUPTION Level National Business Environment LIMITED GOVERMENT Level National OPEN MARKES Level National REGULATORY EFFICACY Level National

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