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Eight specialists will compile proposals to update the Tourism Law

With a Tourism Law that is almost 20 years old and a sector that needs oxygen after being hit hard by the pandemic, the current Government has launched its decision to put together a new law that is in line with the current situation and is Coupling to the dynamics of the sector....
Posted On 02 Jul 2021
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Sugarcane and ethanol production generates 200,000 jobs, according to the Biofuels Association of Ecuador

The production of sugarcane and ethanol result in 200,000 jobs, that is, more than 3,000 independent farmers and 5,000 families producing artisanal alcohol in the Sierra area, according to the Association of Biofuels of Ecuador (Apale). And investments have been generated in...
Posted On 01 Jul 2021
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The first export of 1′080,000 barrels of East crude oil was carried out in a deep-draft vessel through Punta Gorda

EP Petroecuador today exported the first shipment of 1,080,000 barrels of East crude oil through the OCP terminal, through the interconnection of the Balao-Punta Gorda maritime terminals. The international spot sales competition, held by the state-owned oil company on June 3, was...
Posted On 29 Jun 2021
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Court rules against Ecuador in USD 44 million arbitration with Merck Sharp & Dohme

The Permanent Court of Arbitration in The Hague confirmed, last Friday, the ruling in favor of the pharmaceutical company Merck Sharp & Dohme (MSDIA), in the arbitration it has maintained with Ecuador since 2003. A legal dispute between the U.S. pharmaceutical company and the...
Posted On 28 Jun 2021
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Banana Cluster begins, within the country, search for tolerable varieties to Fusarium race 4

The efforts of the Ecuadorian banana sector, through the Banana Cluster,to find a variety of bananas resistant or at least tolerant to Fusarium race 4 are not only focused on the international arena in search of the import of plant material, but also within the country. The...
Posted On 28 Jun 2021
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400 producers of Pichincha and Azuay place their products through a web platform

Around 400 farmers from Pichincha and Azuay — mostly women — have managed to venture into the virtual field to sell their products online, through the website La Cosecha del Día. This initiative, of the Heifer Foundation, seeks to promote sustainable food systems with the...
Posted On 25 Jun 2021
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Silver Origin, a luxury ship built in a Dutch shipyard, began operations in Galapagos

Silversea Cruises kicked off its galapagos tourism operations this week with its luxury ship Silver Origin. This vessel, built in 2020 and with capacity for 100 passengers, is the first focused on a specific destination. The company dedicated to ultra-luxury cruises indicated...
Posted On 24 Jun 2021
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Business associations back Ecuador’s return to ICSID

Ecuador’s return, after eleven years, to the Convention on Settlement of Investment Disputes between States and Nationals of Other States (ICSID) already generates reactions in Ecuador’s business associations, after Ecuador’s ambassador to the United States,...
Posted On 23 Jun 2021
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Ecuador’s Ambassador to the US, Ivonne Baki, signed the ICSID Convention today, 11 years after leaving Ecuador

Ecuador’s Ambassador to the U.S., Ivonne Baki, today signed the Convention on settlement of investment disputes between states and nationals of other states (ICSID). This convention is a space for the resolution of investment conflicts at the international level. Thus,...
Posted On 21 Jun 2021
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With only 1% of its agricultural area, Ecuador stands out as an exporter of organic products

On June 9, an Ecuadorian company exported for the first time a container of organic cocoa to Austria. ProEcuador indicated that the operation was carried out with the support of Ecuador’s commercial office in Turkey, and kept the names of the companies involved in the...
Posted On 17 Jun 2021
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