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Economic relations

In economic terms, trade with France remains modest (€118 million in French exports, €276 million in imports in 2011). Among the European Union countries, France is Ecuador’s sixth largest trading partner. With an investment stock of USD450 million, France has ranked as the third largest European investor in the country over the last 15 years. There are currently two major French investors operating in Ecuador: Lafarge and the Veolia Environnement Group, through its Spanish subsidiary Proactiva, which in 2008 won the Interagua concession to provide drinking water distribution and sanitation services to the municipality of Guayaquil.

Around a dozen French companies operate in Ecuador through subsidiaries or commercial branches. These include groups such as Alcatel, Hôtel Mercure, Schneider, Sanofi Aventis, Coface Rating, Bic, CGG, Pernod Ricard, Servier and, more recently, Alstom (which opened a regional office), and Lafarge, the leading French investor in Ecuador. A delegation from the international branch of French business federation MEDEF visited Ecuador in March 2011.

An agreement for France to provide loan funding (financed from the Emerging Countries Reserve, RPE) for the Cuenca tramline project, signed during the Foreign Trade Minister’s visit to Ecuador at the end of 2012, laid the foundations for new cooperation between France and Ecuador.

Updated on : 05.04.13

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