Over the past decade, the Government of Ecuador has initiated a series of reforms to support the transformation of the economy. The objective is to overcome dependency on few commodities to foster an economy that generates value added and knowledge by further developing activities in strategic industries (e.g. refinery, petrochemical, steel, shipbuilding), promoting new and emerging sectors (e.g. forestry and mariculture) and boosting exports. While fostering the diversification of the economy, the Government’s plans also aim at protecting and promoting biodiversity. In this regard, the National Strategy for the Change in the Production Model (Estrategia Nacional para el Cambio de la Matriz Productiva ), adopted in 2013, proposed a series of policy interventions aligned with the IPR recommendations in the areas of innovation, business linkages, infrastructure as well as investment promotion and facilitation.

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