In this video, International Living correspondent Jessica Ramesch went on a tour of Otavalo Market in Ecuador. You can get great bargains at this market (the largest indigenous market in South America), known for its textiles. Jessica also traveled to Cotacachi to visit the street of leather shops it’s known for.

The hand-crafted items you’ll find in Otavalo are often of superb quality and if you’re good at haggling you could get the price down by 50%. The more you buy, the more of a discount you should ask for. Don’t be afraid to negotiate or ask for a discount…it is expected and the local salespeople are ready to haggle. Many of these items would be easy to sell back home (at a hefty markup) for the business-minded.

Editor’s note: From craft villages in the mountains where the air is crisp and cool, to the colonial splendor of the capital Quito and the beautiful Pacific coast beaches, Ecuador is a country that has the perfect lifestyle to suit you, whatever your tastes. We’re going to Ecuador this November for the Live and Invest in Ecuador Seminar 2011. Find out more about this conference here.