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The Manager of the Central Bank of Ecuador (BCE), Mateo Villalba, made a call to boost foreign direct investment, reduce the consumption of imported goods and increase exports to strengthen the dollarization. “Stopping the consumption of Chilean apples can be made...

Productive sectors will deliver to the government the new lists of certain products they believe should not be affected by the safeguard applied by Ecuador since last March 11 to 2,800 subheadings of imported products (32% of the total). Luis Alberto Salvador, Vice President of...

On March 6 a document through which a safeguard BOP is set to 2961 tariff items was issued. The surcharge established is between 5% and 45%. Some unions criticize the inclusion of raw material needed for their activities and requested a revision of the list. The Association of...

The amount of rice that is distributed in retail markets has not changed; however, the price has experienced an increase 15 days ago, traders said. The increase in prices of the product, according to several enterprises, would be because of the pests affecting the sector in 2014,...

Ecuador’s economy would have grown around 3.8% in 2014, below the government’s target, which could also revise downwards its forecast for this 2015 due to falling oil prices, said Minister of Economic Policy Patricio Rivera. The authorities had expected a growth of...

The Ecuadorian Institute of Standardization (INEN for its Spanish acronym) began its first internationalization process that allows it to cast its hallmarks to foreign industries in their country of origin, informed the director of the entity, Agustin Ortiz . The first process...

President Rafael Correa, in his weekly address, made a calculation that concluded that safeguards are focused on products that represented 7% of trade over the past year. The President noted that during 2014 the sale of products in the domestic market was a total of $ 128,000...

The Government of Ecuador announced yesterday to its partners of the Andean Community (CAN) the application of customs safeguards applied to one third of its imports in order to placate the serious effect on its balance of payments due to the falling price of oil and the dollar...

A delegation of the Chamber of Commerce of Guayaquil (CCG for its Spanish acronym) will attend on Monday to the Committee on Economic System of the National Assembly in order to present their concerns about the inclusion of school supplies imported within the 2800 subheadings...

The base from which taxpayers must issue invoices with information of the consumer returns to be $ 200, announced yesterday the Director of Internal Revenue Service (SRI), Ximena Amoroso. This provision is an amendment to the Regulation of Sales Receipts, Withholding and...