Beef Industry Analysis
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Submitted by freefortermpapers on 06/24/2008 03:00 PM
- Category: English
- Words: 408
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Beef Industry Analysis
Question #1
Yes, the economy of Ecuador is growing at a rate of approximately 3%, 3% growth in 2003 and 3.7 in 2004, and inflation rate have decreased from their highest annual rate of 91% in 2000 to 7.5% in 2003 and 4% in 2004.
The current U.S. Andean free trade negotiations shall represent an important opportunity for U.S. food exports to Ecuador by providing easier access for food agricultural products through tariff reduction and elimination of non-tariff measures, which have represented stiff barriers for U.S. products in this market.
Question #2
Yes. The Pork industries exist in Ecuador.
Ecuador accounts for more than 130 slaughterhouses: 45 percent in the Central area, 38 percent in the Coastal area and 17 percent in the Amazonian area and Galapagos. Most of them belong to the municipalities; the 81 percent of the slaughterhouses are located at urban areas, 7 percent in semi-urban areas and 12 percent in rural areas. The private slaughterhouses, such as Agropesa, procure supplied animals and trade slaughtered meat, while the municipal ones are also devoted to render many services included the sanitary inspection service.
Question #3
Yes, U.S. based multinational companies like Altria, Kraft-Oscar Myer, Seaboard Corporation, etc. do process and sell bacon in the Ecuador.
Question #4
The imported food products sales have increased an average of 20% of the total $2 billion retail food sector in the past three years.
Predominant young population (42% are between 15 and 39 years old) creates high demand for consumer ready and fast food products.
The growth of tourism represents a key opportunity for the restaurant business. Most of the high-end restaurants and fast food chains, such as Pizza Hut, Burger King, McDonald's, etc., are importing bacon from U.S.
Question #5
Ecuador...
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