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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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Government will return to the markets with an issuance of blue bonds

The Minister of Finance, Pablo Arosemena, confirmed that the State will issue blue bonds in 2023. The operation will allow the expansion of the Galapagos marine reserve. The Government will materialize in 2023 its promise to issue blue bonds, an operation to finance the expansion...
Posted On 16 Jan 2023
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Ecuador, the country where remittances contribute the most to the economy

Remittances are a liquidity option for Ecuadorian households, which use these resources to pay for basic services. The remittances that Ecuador receives totaled USD 4,468 million in 2022, according to the forecast of the World Bank. This represents 3.87% of the Gross Domestic...
Posted On 14 Jan 2023
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Foreign investment falls to the lowest level in the last 12 years

There was disinvestment in the mining and quarrying sector. Meanwhile, foreign investment declined in the areas of manufacturing and transportation. Foreign Direct Investment (FDI) totaled USD 51.3 million in the third quarter of 2022, according to the Central Bank. Compared to...
Posted On 10 Jan 2023
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Ecuador now exports sports and nutraceutical insurance

Guatemala, Mexico and Kazakhstan are some destinations to which Ecuadorian companies made new exports in 2022. There were 21 Ecuadorian companies that exported new products or opened new destinations for their portfolio in 2022. The exporters belong to five economic sectors:...
Posted On 09 Jan 2023
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Cell phones and technology from China will enter Ecuador without taxes

In an interview with PRIMICIAS, the Minister of Production gives details about the elimination of tariffs with China, once a trade agreement is signed. The trade agreement between Ecuador and China will be signed after March 2023, after completing several processes, including the...
Posted On 06 Jan 2023
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More than 600 Ecuadorian companies export to China

With the signing of the trade agreement with China, Ecuador’s exportable supply would stop paying around USD 140 million in tariffs per year. The successful conclusion of the negotiations of a trade agreement with China is a positive announcement for 11,212 companies that...
Posted On 04 Jan 2023
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Ecuador and China concluded negotiations for a Free Trade Agreement

President Guillermo Lasso confirmed that this Tuesday, January 3, 2023, the negotiations to establish a Free Trade Agreement (FTA) with China concluded. With this, Ecuadorian exports will have tariff benefits to enter the largest market in the world.  The Ministry of Production,...
Posted On 04 Jan 2023
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Commercial dynamism between Ecuador and Russia is in decline due to that country’s conflict with Ukraine, bananas are one of the main export products affected

Russia was the destination of almost 20% of the boxes of bananas that Ecuador exported during 2021 . It is a significant market for the country, the main one among the independent countries without bringing them together in commercial blocs, even above the United States (USA)....
Posted On 29 Dec 2022
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