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Ecuadorian Foreign Minister Ricardo Patiño, considered on January 13 that the Pacific zone will be the “most important of the world” in economic and trade terms the next decade. The Pacific, understood and constructed as the area of contact and commo...

The Institute of Statistics and Census (INEC for its Spanish acronym) updated the base year of the Consumer Price Index (CPI) and the list of products and services to calculate the inflation every month. Additionally, it released 60 new products and services that are added to...

The Armed Forces indicated they will restrict the purchase of equipment involving imports. The budget provisions for 2015 exceeds $ 207 million; of which $ 54’777.655 (the highest number) will be used for the housing construction for military personnel with family and the...

Manuel Murtinho, Manager of the Ecuadorian Automotive Association (AEA), said that the restriction on vehicle imports and the decreasing quota could impact the prices of new cars. Murtinho said that would happen since more than half of the cars that were ordered to factories...

Ecuador’s foreign debt grew by 31.6% in one year. Between November 2013-2014, the figure went from $ 12,847.4 million to $ 16,913.4 million, according to a press release from the Ministry of Finance. Throughout this year there were several changes. In 2013, China’s...

Oil prices ended at a slightly down on Friday, January 9 in New York. A barrel of “light sweet crude” (WTI) for February delivery fell 43 cents to $ 48.36 at the New York Mercantile Exchange (Nymex). In London, a barrel of Brent North Sea for the same delivery closed...

The National Institute of Statistics and Censuses (INEC for its spanish acronym) said that Ecuador had an annual inflation of 3.67% in 2014, whereas in 2013 it was of 2.70%. The division of food and non-alcoholic beverages would be the largest contributor to the monthly change in...

The Association of Automotive Companies of Ecuador (Aeade for its Spanish acronym) said it expects the government to review the new restrictions on the import of vehicles, provided in Resolution 049, adopted by the Committee of Foreign Trade (Comex for its Spanish acronym) last...

With three strokes began the first month of 2015 for entrepreneurs, said Pablo Arosemena on January 8, President of the Chamber of Commerce of Guayaquil, during a meeting to which that brought together representatives of commercial and industrial associations in the country. The...

The Colombian government said they would take into consideration the application of “retaliatory measures” against Ecuador if the country does not reconsider the tariff rise it intends to charge to the entry of Colombian and Peruvian products, said Vice Minister of...