Safeguards Vs. agreement with the EU

  The first piece of this trade domino game is the agreement between the EU and Colombia and Peru. The second piece that was demolished was the signing of Ecuador in the same multipart pact. And the third, the one that has failed and interrupted the sequence are the...
Posted On 13 Nov 2015
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Ports affected by falling imports and exports and shipping rearrangement

  Foreign trade volume of non-oil goods contracted. The statistics from January to September, of the Central Bank of Ecuador, indicate that 712,000 tons stopped mobilizing in the country between 2014 and 2015, implying a fall of 3.65%. The specialized ports (private), as...
Posted On 13 Nov 2015
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Banana production would fall a 20% due to El Niño

  The banana sector is concerned about the arrival of El Niño, the climate phenomenon that in the 1997-1998 period affected about 31,750 hectares, according to statistics from the Andean Development Corporation (CAF for its Spanish acronym).   During the VI Banana World...
Posted On 11 Nov 2015
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Excess of profits will be deposited by companies in the Social Security

After the adoption of the Law for Labor Justice and Recognition of Home Labor, in April, the Ministry of Labour issued the Ministerial Agreement 241 which establishes the destinations for royalties from the private sector. The aforementioned Act establishes a maximum of 24 basic...
Posted On 10 Nov 2015
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Banana: topics that are not addressed at the summits

  In the past five years, in international events held in Guayaquil has been common to see experts (a foreign majority) discuss the same issues: the fusarium or race 4 diseases of Panama bananas and the control of the black sigatoka disease. But there are issues that are not...
Posted On 10 Nov 2015
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State oil companies have a debt of $ 1,559 million

  SOEs Petroamazonas EP and EP Petroecuador generated a debt to their suppliers in 2015 of about $ 1,559 million, which will be paid by the Government in 2016 with more debt.   This was explained yesterday by the Coordinator Minister of Economic Policy Patricio Rivera,...
Posted On 10 Nov 2015
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Perfumes, shoes and clothing would also be taxed

  The National Customs Service of Ecuador (Senae) prepares new tax labels for imported perfumes, shoes and clothing. This was told to Daily Expreso by Roberto Serrano, advisor of the General Director of the Customs Service. The aim is that formal traders do not have unfair...
Posted On 10 Nov 2015
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Ecuador faces arbitrations for more than $ 5,300 million

  Litigations in international courts that remain active against the Ecuadorian government total demands that exceed $ 5,300 million. A report by the Attorney General, updated to 2013, recorded 16 cases presented by transnationals, especially oil and mining companies....
Posted On 09 Nov 2015
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Toy importers feel the surcharges impact in their supply

  The supply of imported toys for this holiday season would record a decrease of 40% and in some cases up to 80%, according to three of the leading importers of the city consulted by this newspaper: Estuardo Sanchez, Importadora Figueroa and Eduardo Azar stores. Their...
Posted On 09 Nov 2015
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Fedexpor Holder says that drop in exports exceed 4%

  The executive president of the Ecuadorian Federation of Exporters (Fedexpor), Felipe Rivadeneira, said Friday that this year has been a bit complex for the sector due to the drop in non-oil exports, 4% until August of this year. “This year has been a bit complex for...
Posted On 09 Nov 2015
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