In an attempt to correct fiscal imbalances and improve its international profile, the Ecuadorian government has announced a series of economic reforms that are already redefining the playing field for key industries such as fisheries and exports. Although the macroeconomic reading is positive and country risk has fallen, the immediate effects on operating costs and competitiveness are causing concern among private sector players.

The first of the adjustments targets the heart of the tuna sector: the elimination of the diesel subsidy, which represented a relief of USD 42 million in 2024 and benefited 29 companies. The measure raises the cost of fuel, which can represent up to 36% of the total operating cost for industrial tuna vessels. In a market such as the European one, this increase in fuel costs can translate into a loss of competitiveness.

Fishing unions have warned of a direct impact on the entire value chain, with a potential risk to some 100,000 direct and indirect jobs. In exchange, the sector is requesting transitional measures such as a reduction of the ISD, VAT exemptions for imported inputs, or a phased elimination of the subsidy.

The fiscal package also includes an adjustment in electricity tariffs for large consumers, including industrial exporters. This measure, which seeks to raise approximately USD 256 million, could have a direct impact on production costs and, therefore, on the profitability margins of Ecuadorian products abroad.

For energy-intensive sectors, this new cost requires an immediate review of their operational strategies. Faced with this new scenario, the private sector has the task of anticipating it. Recalculating logistics and operating costs becomes key, as does implementing energy efficiency strategies and modernizing the fishing and industrial fleet. It will be necessary to renegotiate export prices that reflect the added value of sustainable processes, open dialogue with the public sector to explore temporary incentives and, above all, diversify markets beyond the European Union, targeting emerging niches in Asia and North America. Constant monitoring of regulatory changes is also essential in order to adapt quickly.

Ecuador is moving forward on a path of fiscal correction which, although necessary, is not without immediate costs. For strategic sectors, the challenge is clear: adapt quickly, seek efficiency and make headway in increasingly demanding markets. In this context, the ability to anticipate will be a key differentiator.