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Trade: Ecuador launches a plan B with the United States

The possibility of Ecuador achieving a Free Trade Agreement with its main trading partner is increasingly receding, which is why the Government resorts to an alternative plan. A possible inclusion of Ecuador in the system of tariff preferences offered by the United States to the...
Posted On 14 Apr 2023
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Import duties on Korean cars to gradually drop to zero

The Government of Guillermo Lasso considered reaching at least nine trade agreements in four years of management, including one with South Korea. After almost two years, the Government has closed negotiations for three agreements: Costa Rica, China and South Korea, which will...
Posted On 13 Apr 2023
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Ecuador awaits a technical closure of the negotiation with South Korea

The negotiating team and the Ecuadorian businessmen have the expectation of reaching a technical closure with the ninth round of trade negotiations with South Korea. On Monday, April 3, 2023, the national delegation began in Seoul, the South Korean capital, the talks of this...
Posted On 07 Apr 2023
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More than 8,000 hectares of crops have been lost due to rains

Rain in recent weeks has damaged the crops of some 4,300 farmers in the country. More than half lost all their production. Agricultural production has been damaged by heavy rains and flooding in recent weeks. Until April 3, the Ministry of Agriculture and Livestock (MAG)...
Posted On 06 Apr 2023
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World Bank: Political instability impacts growth in Ecuador

The World Bank presented on April 4, 2023 its updated projections for Latin America and the Caribbean. The multilateral organization made no changes to the forecast for Ecuador and maintains that its economy will grow 3% in 2023. While for 2024 and 2025 it estimates growth of...
Posted On 05 Apr 2023
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The Ecuadorian pitahaya will arrive in China

The Ecuadorian pitahaya will have a new arrival destination. China joins the 58 countries that this fruit reaches. It was reported by the Ministry of Agriculture and Livestock (MAG) on Monday, April 4, 2023.  According to the Central Bank, more than 23,000 tons are exported with...
Posted On 05 Apr 2023
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When the export of the Panama hat surpassed cocoa

Since December 5, 2012, the “Traditional fabric of the Ecuadorian toquilla straw hat” is on the UNESCO Representative List of the Intangible Cultural Heritage of Humanity. This traditional garment that has been maintained for centuries has its origin in Manabí; the...
Posted On 31 Mar 2023
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Starlink will arrive in Ecuador to provide Satellite Internet

The Ministry of Telecommunications confirmed that the multinational will bring broadband internet to rural and remote territories of the country. Operations will begin in the Galapagos in April. The Starlink company, part of Elon Musk ‘s Space X conglomerate, begins its...
Posted On 30 Mar 2023
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CAF approves loans of USD 275 million for Ecuador

Ecuador will have credits of USD 275 million from CAF to improve the education and health systems. The Latin American and Caribbean development bank CAF approved two loans for Ecuador for a total amount of USD 275 million, the multilateral organization reported on March 28, 2023....
Posted On 28 Mar 2023
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The United States will raise visa prices from May 2023

Learn about the new visa prices for five types of travelers. The last review of the costs of these procedures had been made in 2014. The United States announced an increase in the prices of tourist, business, student, temporary worker and investor visas that will be effective...
Posted On 28 Mar 2023
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