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Ecuadorian bananas will have a 1% annual tax reduction in China

Currently, Ecuadorian bananas pay a 10% tariff for entering the Asian country, with the trade agreement it will decrease 1% per year. Ecuadorian banana exports fell in 2022, both in volume and in dollars, according to the Central Bank of Ecuador (BCE) and the banana union....
Posted On 30 Jan 2023
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Alexis Mera gets pre-release after three and a half years in prison

Alexis Mera, former legal secretary of Rafael Correa, was sentenced to eight years in prison for the Sobornos Case 2012-2016, in 2020. The decision was made by Galo Rodríguez, Ambato Penitentiary Guarantees Judge (Tungurahua), on the morning of January 27, 2023. Alexis Mera will...
Posted On 27 Jan 2023
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Ecuador declares illegal mining a threat to state security

The State Public Security Council (Cosepe) resolved to declare illegal mining a threat to state security. The announcement was made by the Secretary of Security, Diego Ordóñez, at a press conference held in Carondelet, after a meeting of the Council of Public Security and State...
Posted On 27 Jan 2023
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Government denounces 28 candidates for links to drug trafficking

Juan Zapata, Minister of the Interior, presented information on these candidates to the Prosecutor’s Office. There are eight open investigations for the so-called narcopolitics. The information was delivered by Zapata, at the offices of the State Attorney General’s...
Posted On 25 Jan 2023
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Ecuador imported the historic figure of USD 7,646 million in fuels

A greater purchase of diesel to face the severe dry season had an impact on the increase in the cost of importing fuels from Ecuador. In 2022, Ecuador imported 70% of the fuels consumed by its domestic market, which represented a cost of USD 7,646 million. This is a number never...
Posted On 24 Jan 2023
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Ecuador gets ready to vaccinate birds and counter avian influenza

Ecuador has registered and contained nine outbreaks of avian influenza in the provinces of Cotopaxi, Bolívar, Pichincha and Tungurahua. The Central Government is analyzing the appropriate vaccine to immunize poultry and backyard birds, which are exposed to avian influenza. The...
Posted On 24 Jan 2023
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Hungary, ready to collaborate with Ecuador against the Balkan mafia

The Hungarian Foreign Minister, Péter Szijjártó, arrived in Ecuador to sign two letters of intent on defense and hydrocarbons. The diplomat hopes that this will open the door to new joint actions. The Hungarian Minister of Foreign Affairs and Trade, Péter Szijjártó, visited...
Posted On 20 Jan 2023
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The CFN will auction the La Clementina farm in 2023

The CFN plans to sell the emblematic La Clementina banana farm, valued at USD 93 million, until March 2023. The National Financial Corporation (CFN) will auction the emblematic La Clementina banana farm, located in the province of Los Ríos, in the first quarter of 2023. Jorge...
Posted On 19 Jan 2023
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Influencers and informal e-commerce are in the SRI’s sights

El Servicio de Rentas Internas (SRI) espera recaudar USD 1 000 millones adicionales en 2023. Para lograrlo, contempla -entre otras acciones- incorporar a influencers, comercio electrónico informal y otros anónimos fiscales en el pago de impuestos. Así lo indicó Francisco Briones,...
Posted On 18 Jan 2023
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Ecuador offers humanitarian corridor for 1,200 trapped vehicles

The Ministry of Transportation of Ecuador will open a humanitarian corridor for the passage of trucks from Colombia, carriers are analyzing the use of a bridge over the San Miguel River. The Ministry of Transportation of Ecuador announced that it will open a humanitarian corridor...
Posted On 18 Jan 2023
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