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Since October 2014, shopping in virtual stores and shipments through couriers have declined in Ecuador. Since the $42 tax on imported packages from abroad through the 4×4 category ( $400 and 4 kg), has not only slowed down online purchases of the users who before took...

The President of Ecuador, Rafael Correa, signed with the President of China, Xi Jinping, an agreement establishing the mutual omission of tourism visas. Furthermore, eight agreements on investment, education, technology and cooperation were signed between the two countries. In...

China commits today to invest 5.296 million dollars in Ecuador for various mobility, education, health and safety projects, said today in Beijing Ecuadorian Minister of Finance, Fausto Herrera. Herrera also said that to these 5.296 million dollars that Eximbank will grant to...

The Committee of Foreign Trade (Comex) announced a new cut in import quotas for vehicles in the country. According to resolution 049-2014, adopted on December 29, 2014, the agency approved a new system of quotas for imports of cars and assembly parts, reducing quotas by up to...

Since today, the Ecuadorian government will implement an exchange safeguard or ad valorem customs duty, which is equivalent to 7% for products originated in Peru and 21% for the ones coming from Colombia. The Committee of Foreign Trade (Comex) took that resolution last December...

The Minister of Finance, Fausto Herrera, prior to traveling to China, indicated that the General State Budget (PGE) of this 2015 was cut in $1 420 million, “considering the reduction of oil prices,” he said in a statement, on Monday, January 5. According to the...

The Government aims to promote the large-scale mining, for which it took three decisions in late 2014 to unlock the strategic projects currently in stand-by since 2010 and which have not yet begun to produce. In this list are: Fruta del Norte, Mirador, Río Blanco, Loma Larga...

Ecuador received $ 77,530 million from oil exports between 2007 and 2013, with an average oil price of $ 74.09, and with ranges that have reached maximum peaks of $ 117 and the lowest of $ 26.6 in March 2009. According to Jaime Carrera,Executive Secretary of the Fiscal Policy...

President Rafael Correa today begins his visit to the People’s Republic of China. The Government indicated it seeks to strengthen political, economic, trade, energetic, education, scientific and technological cooperation between the two countries. The Secretariat of Higher...

After the approval of the National Prevention Policy and the Regulation for seizure of property by the crimes of terrorism and money laundering, Ecuador expects to be delisted from countries that do not cooperate in the fight against these crimes of the Financial Action...