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Costa Rica inaugurated its commercial headquarters in Ecuador

Ecuador and Costa Rica continue to strengthen economic and productive agreements, this time with the inauguration of a new commercial headquarters. This Thursday, June 8, the Costa Rican Foreign Trade Promoter (PROCOMER) took an important step to strengthen trade relations...
Posted On 12 Jun 2023
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The World Bank will provide USD 300 million to finance SMEs in Ecuador

El Banco Mundial (BM) aprobó un crédito por USD 300 millones para ampliar un programa de apoyo financiero a pequeñas y medianas empresas (pymes) en el país. Another World Bank (WB) loan is on its way to Ecuador. This is a financing for USD 300 million, aimed at projects of small...
Posted On 02 Jun 2023
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Asian supermarkets participate in Macro Business Roundtable

En la cita de negocios, que se celebra desde el 29 de mayo en Guayaquil, participan 116 compradores internacionales y 311 empresas del país. In the eleventh edition of the Macrorueda de Negocios, which is held from May 29 to 31, 2023 in Guayaquil, 116 buyers participate ,...
Posted On 30 May 2023
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Buyers from 30 countries will be at the Macro Business Roundtable

Around 1,400 business appointments will take place between Ecuadorian exporters and foreign buyers, in Guayaquil. More than 300 Ecuadorian exporters and more than 100 buyers from around 30 countries in the Americas, Asia and Europe will meet on May 30 and 31 in the eleventh...
Posted On 29 May 2023
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The cheapest vehicle in the world could not circulate in Ecuador

El vehículo chino ChangLi S1-Pro no consta entre los vehículos autorizados para circular en Ecuador, pues no tiene certificado de homologación. The cheapest electric vehicle in the world (USD 1,200) could not drive in Ecuador, since this Chinese car does not appear on the list of...
Posted On 25 May 2023
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Puerto Bolívar obtains a credit of USD 150 million from the United States

During the G7 summit, the president of the United States, Joe Biden, highlighted the credit that will be granted to modernize Puerto Bolívar. European Commission President Ursula von der Leyen and US President Joe Biden announced new investments in Asia-Pacific, including in...
Posted On 23 May 2023
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The United States and China could throw a lifeline to Ecuador

The mutual death changes the outlook for Ecuador in terms of access to external credit, with a view to financing the 2023 Budget and State investments. The mutual death decreed by President Guillermo Lasso will have effects on access to external credit to finance the Ecuadorian...
Posted On 20 May 2023
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Ecuador is the fourth country in the region to sign an agreement with China

Ecuador y China firmaron acuerdo comercial el 10 de mayo de 2023. China es el primer destino de las exportaciones ecuatorianas no petroleras y no mineras. The Minister of Production of Ecuador, Julio José Prado; and his Chinese counterpart, Wang Wentao, signed a trade agreement...
Posted On 11 May 2023
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Ecuador reduces its debt in external bonds by 5.5% after swap

Ecuador exchanged USD 1,630 million in sovereign bonds for a credit of USD 656 million. The capital saved will be used for conservation plans for the Galapagos. With the bond swap operation , announced by the Government on May 9, the principal of Ecuador’s external debt in...
Posted On 11 May 2023
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Ecuador completes the largest debt swap to conserve nature

The Government canceled or subtracted USD 1,630 million of its external debt in bonds through a purchase operation carried out by Credit Suisse. Ecuador completed an exchange of external debt into bonds that will allow it to allocate resources for marine conservation in the...
Posted On 09 May 2023
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