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IMF and WTO will analyze Ecuadorian global safeguards proposal

The International Monetary Fund (IMF) and the World Trade Organization (WTO), should analyze the proposed global safeguards on which the Ecuadorian government is working in order to balance the balance of payments. On the issue, the Minister of Industries, Ramiro Gonzalez, said...
Posted On 28 Feb 2015
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Petroamazonas highlights increase in its production

Petroamazonas EP said this Thursday in a statement the increase of 10.5% of its production in 2014, that reached a daily average of 361,072 barrels of oil compared to 326,596 barrels in 2013. The result is due to an enhanced training of the technical staff of the company, said...
Posted On 27 Feb 2015
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Salary of assemblymen is sent for review

The President of the Assembly, Gabriela Rivadeneira (AP), said she expected to agree on a salary adjustment with the other branches of the government in order to adhere to the recent provision of the executive branch on the remuneration reduction, and which currently only reaches...
Posted On 26 Feb 2015
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Minister of Labour Relations said that remuneration ceilings will be amended in Municipalities

The Minister for Labour Relations Carlos Marx Carrasco said that the salary tables will be reviewed in the councils and that the new salary bases and caps for municipal officials would be ready. Yesterday, Carrasco said that local governments have autonomy that will be respected,...
Posted On 26 Feb 2015
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Colombian and Peruvian entrepreneurs meet to discuss safeguards

Yesterday, about 200 businessmen linked to the Binational Chambers Federation attended to the conference on new incentives to the Production Code. Among those presents were representatives of Colombia and Peru, who expressed their ideas on the subject. The exposition should have...
Posted On 26 Feb 2015
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Government promotes private sector investment through a decree

After the expedition of the Regime Regulation of Public-Private Partnership, the construction of hospitals, schools and projects of strategic sectors (energy, telecommunications, transport, etc.) with money of the private sector will be viable. The Executive Decree 582 of...
Posted On 25 Feb 2015
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Agreement with the EU will not be affected with application of safeguards

The application of safeguard measures by balance of payments will not affect the process of signing and approval of the Ecuador´s trade agreement with the European Union (EU). This was stated by the Minister of Industries, Ramiro Gonzalez. President Rafael Correa announced a...
Posted On 25 Feb 2015
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Del Pacifico Refinery would be ready between 2018 and 2019

The Manager of the del Pacifico refinery, Bismarck Andrade, during the act of accountability to that entity on Friday, announced that the work would be ready between 2018 and 2019. Andrade said that the search for funding has been the cause for the delay in the construction of...
Posted On 25 Feb 2015
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Preliminary list for general safeguard application is ready

Minister of Industries Ramiro Gonzalez said yesterday that the preliminary list of products on which the safeguard will be applied by balance of payments would be completed. Authorities of the production Front and President Rafael Correa said that in late February multilateral...
Posted On 24 Feb 2015
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Government seeks the commercialization of fifteen thousand electric vehicles per year in the country

The Government would aim that the sales of electric cars reach 15,000 units per year nationwide and therefrom it is expected to install factories to export to the region, said on Thursday the Coordinating Minister of Production, Richard Espinosa. Last week, the Minister signed an...
Posted On 23 Feb 2015
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