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Ecuador and the United Arab Emirates take the first steps towards a trade agreement

The trade balance in 2023 was favorable for Ecuador. The Arab Emirates have interest in Ecuadorian companies dedicated to agribusiness, tourism, mining and renewable energy. The Minister of Commerce of the United Arab Emirates, Thani Al Zeyoudi, is visiting Ecuador, along with...
Posted On 23 Apr 2024
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A ton of cocoa is close to USD 12,000 and its exports already exceed those of tuna

As of February 2024, cocoa was ranked as the third non-oil non-mining export product, surpassing tuna and canned fish. The record prices of cocoa boosted the value of exports of the grain and its products in Ecuador, becoming the third non-oil, non-mining export product by...
Posted On 23 Apr 2024
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Investors eager to invest in Ecuador within the framework of the agreement with the IMF

International markets are really anxious to know what will happen with the credit program that the Government of Ecuador negotiates with the International Monetary Fund (IMF), formally since March 7, 2024. Due to the high debt that Ecuador has with the multilateral, investors...
Posted On 19 Apr 2024
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Ecuador’s country risk falls to 1,141 points, the lowest level since February 2023

The country risk fell 73 points on April 17, in the context of the participation of the Minister of Economy in the spring meetings of the IMF. Ecuador’s country risk fell 73 points and stood at 1,141 on Wednesday, April 17, 2024. This drop in country risk occurred at a time...
Posted On 18 Apr 2024
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Roberto Luque on power outages: “There will be no easy solutions in the short term”

The Minister of Energy in charge, Roberto Luque, held a press conference with other members of the Presidential Cabinet. “We have worked since the early hours of the morning with the Cabinet, CNEL, Celec, Cenace, to understand all the variables that affect this energy...
Posted On 18 Apr 2024
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Ivonne Núñez: hourly work will benefit more than 70% of unemployed people

In an interview for EcuadorTv, the Minister of Labor, Ivonne Núñez, referred to the Popular Consultation, in particular to the question regarding changes in the Labor Code. The official assured that with the hourly contract “it will benefit more than 70% of the economically...
Posted On 16 Apr 2024
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Three large mining companies will invest USD 172.5 million in 2024 in alliance with the state-owned Enami

The state mining company Enami is allying itself with Barrick, Solaris and Hanrine, which promise investments of USD 172.5 million, although anti-mining pressures persist. The new management of the National Mining Company (Enami) begins 2024 with an ambitious plan, after closing...
Posted On 09 Apr 2024
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The trade balance between Ecuador and Mexico is in deficit

The trade balance -of non-oil products- between Ecuador and Mexico is in deficit. That is, Ecuador imports more products in relation to those it exports. Data from the Ministry of Production, Foreign Trade, Investments and Fisheries indicate that between January and December 2023...
Posted On 08 Apr 2024
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IMF calls on Ecuador to guarantee macroeconomic and fiscal sustainability

The International Monetary Fund (IMF) called on Ecuador this Thursday to guarantee macroeconomic and fiscal sustainability, a month after President Daniel Noboa announced that he is negotiating a possible agreement with the institution. “In Ecuador, the authorities have...
Posted On 04 Apr 2024
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Fedexpor: Collapse of the Baltimore bridge may affect export logistics

The collapse of the Baltimore bridge could congest other ports in the United States to which exports from Ecuador also arrive. The collapse of the Francis Scott Key Bridge in Baltimore, Maryland, in the United States, has caused concern in the Ecuadorian export sector due to the...
Posted On 03 Apr 2024
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