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Delivery apps are strengthening in Ecuador

Last week, the Colombian company Rappi began testing in Ecuador to officially begin operations on Monday, September 9, 2019. The firm enters into competition with the Uber Eats and Glovo platforms, which have been in the Ecuadorian market for a year. Rappi plans to expand in...
Posted On 06 Sep 2019
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The foreign exchange tax could be reduced

A little over a year ago, the Productive Development Law opened the possibility of gradually reviewing the currency outflow tax (ISD), however, the rate has not yet been modified. The rule established, in its second general provision, that the President of the Republic may be...
Posted On 06 Sep 2019
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Ecuador has presold 362 million barrels of oil

There are commitments for a while. The negotiations, plagued by irregularities, which the previous Government carried out cannot be undone. In hydrocarbons, for example, despite the allegations of corruption and premiums found, the signed agreements must be complied with. Advance...
Posted On 05 Sep 2019
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Ecuador will exhibit its fruits and vegetables in Germany, at the Fruit Logistica Trade Fair

Ecuador was named as the official partner country of Fruit Logistica 2020, which will take place for two days in Berlin, starting on February 5th. During the main exhibition for the global fruit trade, Ecuador will present its agricultural heritage worldwide, positioning itself...
Posted On 04 Sep 2019
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Ecuador started importing again in vitro banana plants

The first batch of in vitro banana plants arrived in Ecuador after the opening of imports. The Ministry of Agriculture and Livestock (MAG), through Agrocalidad, suspended purchases of this plant material abroad for a month and 23 days. It was a phytosanitary measure before the...
Posted On 04 Sep 2019
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Agrocalidad does not present official notification about banana with alleged infestation of flies

Agrocalidad does not present official notification about banana with alleged infestation of flies The entity clarified that “(the flies) are not a pest associated with the cultivation of bananas in any of its phases.” According to the press service of Roseljoznadzor,...
Posted On 02 Sep 2019
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Government seeks to eliminate the cell phone tax

Andrés Michelena announced that the measure will promote technological access for Ecuadorians. Therefore, the government seeks to eliminate the cell phone tax. The costs of the latest technology telephone equipment will fall to 40%. This was confirmed on the morning of this...
Posted On 02 Sep 2019
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MIKTA (Mexico, Indonesia, Korea, Turkey, Australia) hopes to strengthen relations with Ecuador

The MIKTA countries (Mexico, Indonesia, Korea, Turkey, Australia) organize a seminar where they will present the opportunities they offer to Ecuador, next Thursday, September 26. This coalition of countries, created in 2013, has three specific objectives: to strengthen bilateral...
Posted On 30 Aug 2019
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25 tons of bananas with the presence of flies, were returned by Russia

Yesterday, the Russian health authorities detected humpback flies in a shipment of bananas from Ecuador. These insects can transmit the vibration of cholera. “This is the first case of a quarantine in bananas during this year,” said the press service of...
Posted On 30 Aug 2019
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25% of Ecuadorian exports from small businesses are shipped to the United States

Small and medium enterprises observe opportunities in the international market, but require financing and training to innovate products with added value. True Flavor S.A. is a small business located in Santo Domingo de los Tsáchilas. This company is dedicated to the production of...
Posted On 29 Aug 2019
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