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Ecuador waits for the GSP renewal in the U.S.

“I do not doubt that it will remain active,” said industries minister, Ramiro Gonzalez, who has positive expectations about the future of the Generalized System of Preferences (GSP), a mechanism that allows the entrance of 609 duty free products to the United States....
Posted On 03 Jul 2013
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Assembly will discuss ATPDEA issue after the Mining Law

Betty Tola, Secretary of Policy Management, said the National Assembly should first discuss the veto to the Mining Law to continue with the urgent economic project to compensate export sectors, following the unilateral withdrawal from Ecuador to the seventh renewal of the Andean...
Posted On 02 Jul 2013
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Miduvi will build 10,000 houses

The Ministry of Urban Development and Housing (Miduvi) plans to build 10,000 houses for the rural and marginal urban areas of the country, which would cover 44% of the total demand, which, according to vice minister of the body Marcelo Leon, amounts to around 18,000 units. He...
Posted On 01 Jul 2013
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Son of Guillermo Lasso opens a Bank in Panama

The Chief Executive of the Banisi Bank , Juan Lasso Alcívar, said that the institution yesterday officially opened its doors in Panama, with an initial capital of $14 million and the ambition to excel in the market with its virtual technology platform. The young man, of 25 years...
Posted On 28 Jun 2013
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Kinross seeks for an arrangement of “good faith”

“Our goal is to promote a process of good faith that would respect and protect the interests of both sides,” said Canadian mining firm Kinross, who is initiating discussions with the Ecuadorian government for the recognition and the recovery of their investments in...
Posted On 24 Jun 2013
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ATPDEA seems increasingly distant

The head of the Economic and Commercial Section of the Embassy of the United States, Nicole Weber, during her presentation at the Assembly of Members of the Ecuadorian-American Chamber of Commerce, ensured that “the renewal of the Andean Trade Promotion and Drug Eradication...
Posted On 21 Jun 2013
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Ecuador will not need to import maize in 2014

Carol Chehab, Marketing Secretary of the Ministry of Agriculture, Livestock, Aquaculture and Fisheries (Magap for its Spanish acronym) announced that Ecuador will be self-sufficient in terms of maize during 2014, regardless of the possibility of importing. This achievement would...
Posted On 20 Jun 2013
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Monthly Wages, opinions in favor and against

Amid the growing doubts about the usefulness of the thirteenth and fourteenth monthly wages, -a process that would be mandatory in the public sector and voluntary on the private one, and would be part of the new Job Relations Code, analysts  in various media, speak their opinions...
Posted On 17 Jun 2013
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South Bank comes as a financial alternative

The first meeting of Ministers of the South Bank, which aims to become an alternative to multilateral public financing in the region, began today in Caracas. “It is a historic event for the life of South America and Latin America and also (…) the doors of the South...
Posted On 12 Jun 2013
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Kinross departure provides opportunities for state and national mining

Santiago Yepez, president of the Mining Chamber of Ecuador, said the situation is delicate because foreign investors were awaiting the signature of the operating agreement between Kinross and the state to venture into new projects, however, he noted that the current scenario is...
Posted On 12 Jun 2013
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