off

Correa Approves New Anti-Trust Bill

This morning, Ecuadorian President, Rafael Correa announced the approval of the Bill for the Regulation and Control of the Market Power, known as ‘antitrust.’ “(…) Now we have an anti trust bill, that’s good news for the country. The U.S. has it over...
Posted On 11 Oct 2011
, By

Local Supermarkets Adjust themselves to Antitrust Bill

Since last Friday in Guayaquil it has been very common to see long lines of people waiting outside the facilities of the supermarket chain Mi Comisariato in order to acquire their membership card (valid for one year), for free. In Ecuador, the recent approval of the Regulatory...
Posted On 04 Oct 2011
, By
off

44 Ecuadorian Clean Energy Projects Seek Funding

In order to reduce pollutant emissions, the Ecuadorian government seeks in the carbon credits market, an alternative to finance various investment plans. Daniel Ortega, head of climate change from the Foreign Ministry, said the goal of the local authorities is to ensure a flow of...
Posted On 27 Sep 2011
, By
off

Global Competitiveness Report: Ecuador Moves Ahead in World list Positions

  After holding position No. 105 among the 142 largest world economies, Ecuador raised 4 posts. It is currently located in position No. 101 in the Global Competitiveness Report (GCR). The study, released by the World Economic Forum, shows that Ecuador has improved its score...
Posted On 15 Sep 2011
, By
off

Import Licenses will Come into Force from September 16

Ecuadorian importers yesterday began proceedings to obtain import licenses. These licenses will be an import requisite for tires, CKD, hybrid vehicles, appliances, mobile phones, among other 51 goods. The measures will come into force from September 16, 2011. To get the...
Posted On 06 Sep 2011
, By
off

Banana Payment Begins Today

Starting today the Ministry of Agriculture, Livestock and Fisheries (MAGAP) of Ecuador will begin to pay $ 2 for export quality banana clusters which were purchased from local producers. The payment will be effective for those exporters that sold their product on August 26. The...
Posted On 05 Sep 2011
, By
off

Government Buys 32,000 Banana Clusters

During the first week of bananas comercialization, the Ministry of Agriculture, Livestock and Fisheries (MAGAP) bought 32,000 clusters of banana at a price of $ 2 per cluster.This purchase is part of the emergency on the banana sector issued on 18 August, which will last five...
Posted On 02 Sep 2011
, By
off

Ecuadorian Companies Must Obtain Licenses to Import

Jaime Cucalón, president of the Ecuadorian Automotive Association, confirmed that five hundred ninety-six companies must obtain import licenses because of a new requirement made by the Ecuadorian Foreign Trade Committee (Comex). These companies are buying abroad 51 subheadings...
Posted On 31 Aug 2011
, By
off

Ecuadorian Banana Could be Purchased by Cuba and Venezuela

Ecuadorian government confirmed the interests that Cuba and Venezuela had about the acquisition of banana surplus from small producers which the regime proposed to buy from, but this decision could lead to losses. In order to purchase the fruit, the Ministry of Agriculture,...
Posted On 26 Aug 2011
, By
off

MAGAP Will Take Over the Country’s Banana Surplus

Starting tomorrow, the Ministry of Agriculture, Livestock and Fisheries (MAGAP), will begin with the purchase of the Ecuadorian banana surplus that has not been exported due to the crisis in international markets. The State will shop every week an estimated of a million bunches...
Posted On 25 Aug 2011
, By