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A possible sanction against Russia puts Ecuadorian exports at risk

The effects of the conflict in Russia and Ukraine will not only affect these two nations, it will also affect other destinations such as Ecuador. The Minister of Production, Julio José Prado, wrote on Twitter: “Russia’s conflict with Ukraine is already generating...
Posted On 24 Feb 2022
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The Law to attract Investments reached the National Assembly

Finally arrived. On the afternoon of February 22, 2022, the Executive sent the project called Law for the attraction of Investments, Strengthening of the Stock Market and Digital Transformation.  Guillermo Lasso’s proposal has 260 articles and consists of three books. The...
Posted On 23 Feb 2022
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Ecuador and Saudi Arabia talk about a free trade agreement

The President of Ecuador, Guillermo Lasso, and his Foreign Minister, Juan Carlos Holguín, met with the Minister of State for Foreign Affairs of Saudi Arabia, Adel bin Ahmed Al-Jubeir, to strengthen relations and cooperation between the two countries. At the meeting, held at the...
Posted On 22 Feb 2022
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Certified Ecuadorian cocoa arrived at 40 destinations, in 2021

Last year, Ecuador managed to certify 331,028.57 tons of cocoa beans for export, worth approximately 758 million dollars; This means an increase of 2% in relation to what was exported in 2020, the year in which an export of 325,208.04 tons of the product was registered. This was...
Posted On 22 Feb 2022
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The EU asks for more controls on drug trafficking exports

Exports to the European Union (EU) grow (14% in 2021), but also concern. In the balance of 2021, the EU ambassador to Ecuador, Charles-Michel Geurts, assured that in three European ports there is a considerable increase in drug seizures: Antwerp (Belgium), Rotterdam (Netherlands)...
Posted On 21 Feb 2022
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The strengthening of the dialogue between Ecuador and the United States ‘paves’ the path towards a possible agreement

The strengthening of relations between the United States and Ecuador, achieved at the IV meeting of the Trade and Investment Council with the United States (TIC) , is applauded by the business sector. At this meeting, held in Guayaquil between February 15 and 16, representatives...
Posted On 18 Feb 2022
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99,940 tons of fresh pineapple were exported to 18 destinations in 2021, 17% more than in 2020

In 2021, 99,940 tons of fresh pineapple fruit for export were certified phytosanitary, which meant 17% more fruit sent to international markets than in 2020, according to figures from the Phytosanitary and Zoosanitary Regulation and Control Agency (Agrocalidad). The entity...
Posted On 18 Feb 2022
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Oil exports left Ecuador $8,607 million in 2021

Oil exports left the country a total of $8,607 million in 2021, according to figures from the Central Bank of Ecuador (BCE). If compared to 2020, exports grew by $3,357 million, that is, 64% compared to 2020.  The higher revenues are due to higher oil prices in 2021, thanks to...
Posted On 17 Feb 2022
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Customs reported that the services were resumed after infrastructure problems; Ecuapass is partially enabled

The National Customs Service of Ecuador (Senae) reported this February 17 that the Ecuadorian single window, service desk and institutional website are enabled. The announcement comes a day after the suspension of some services in the entity, including Ecuapass, due to a fire in...
Posted On 17 Feb 2022
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Ecuador broke flower export record in Valentine’s season

Ecuador broke a record for flower exports in the recent Valentine ‘s season with 20,112 tons that left the Mariscal Sucre International Airport in Quito, according to the entity in charge of the terminal on Tuesday. The season lasted 23 days and accumulated the highest...
Posted On 16 Feb 2022
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