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Safeguards meet three months in force and have achieved their objective: to reduce imports. The National Customs Service of Ecuador (SENAE) reports that foreign purchases decreased by 15.2% between March and May. The country received $ 1,654.5 million in non-oil imported goods,...

150 suppliers sought to access supermarkerts through a round of negotiations, which lasted about three hours. Most suppliers, of food, met yesterday in Guayaquil with representatives of supermarket chains as Almacenes Tia, Santa Maria, Favorita Corporation and others. This is the...

Former workers who did not directly collected their profits in 2014 will be able to do so online. The Labor Ministry announced on its website www.trabajo.gob.ec, through which the former employees shall register their data in order to cash their securities. There, an instruction...

The Economic Commission for Latin America and the Caribbean of the United Nations (ECLAC) analyzed in 2013 the benefit it foreign direct investment (FDI) bring to the nations where it lands and concluded that it was still a topic of discussion. According to the agency, while FDI...

The Government intends to charge a tax of 75% to “extraordinary gains” related to that gain. The capital gain is the increased market value of a property or land. But the draft Reformatory Law to the Code of Organization sent Monday to the Assembly by the Executive...

According to the Central Bank, there has been a slowdown in the economy compared to 2014 due to low oil prices and the dollar appreciation. This would mean a drop in public investment, which directly impacts the construction sector, which according to the Central Bank will grow...

In an interview with El Telégrafo Daily, Brian Im, Manager of the Bukook CO., LTD company, from South Korea, said that they hope to introduce the Ecuadorian coffee to the Chinese market for its good quality. Im was present in 23 business meetings with small, medium and large...

At the end of 2014 the World Customs Organization (WCO), chose the SENAE to start the pilot of a new system that will clarify the figures of smuggling from a comparative data crossing from customs offices of the countries with which the SENAE of Ecuador maintains bilateral trade....

A group of businessmen traveled to Brussels with President Rafael Correa, to attend the meeting of the Community of Latin American and Caribbean States (CELAC) and the European Union (EU). The three associations that accompany the president are: Chamber of Commerce of Guayaquil,...

E-money accounts raised a total of $580,000 according to the Central Bank of of Ecuador. The idea of the system is that users can make payments through the cell phone without carrying cash, prior to the exchange of physical dollars. By resolution 064-2015-M, the Monetary and...