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Since yesterday Ecuadorian exporters began paying fees to enter the U.S. market, because of the suspension of the Andean Preference Trade Act (ATPDEA, according to its English acronym). The deadline to approve a new extension of the benefit expired last Saturday. Therefore, since...

The Ecuadorian judge who has a lawsuit due to environmental damages against Chevron ordered the oil firm to pay more than 8,000 million dollars, said Monday the applicant attorney, Pablo Fajardo. Fajardo said the trial judge, Nicholas Zambrano issued a guilty verdict against...

Exporters of Ecuador could hold a few months without the U.S. preferential rates given to the country, but some companies would need government support, said Bernardo Perez, chairman of the Ecuadorian Federation of Exporters (FEDEXPOR). The Andean Preference Trade Act (ATPDEA)...

According to the trade balance report of the Central Bank, exports of shrimp last year grew $173 million and the banana $36 million compared with the one in 2009. Banana exports reached a record cipher, surpassing for the first time $2,000 million. However, Manuel Chiriboga,...

The Ecuadorian Constitutional Court (CC) answered to the scandal on its find for the defendant Cerveceria Nacional, which is accused of paying one million dollars to the judges in exchange of a favorable fail. Yesterday, Patricio Pazmiño and six more judges gave a press...

Ecuadorian Electricity company began a pilot project in sectors from Puerto Azul to Chongón, which involves the installation of new smart meters which allow to know daily consumption on domestic, commercial or industrial areas, so electricity could be optimize or rationalize....

Ambev Ecuador performs updates to their facility in Guayaquil to produce the Budweiser beer for the national market. The multinational company that earns over $16 million in Ecuador with Brahma and Zenda will add Budweiser to its product list. In 2008, InBev the owner of AmBev...

In a report approved by the board of Petroecuador and Petroamazonas is stated that the two oil companies will merge in a process that will start from April to September, in order to iniciate the process of Petroecuador disappearance as the state fields operator. The measure,...

Today, government officials announced the return of the Value Added Tax (VAT) for tourists who make over $50 purchases of domestic products or host in the country. This measure seeks to increase the national production and tourism. Establishments which want to be part of the...

From January to November 2010, Ecuador sold $586 million on flowers, with this the country has become the third largest exporter of the world. Ecuador Flower Exporters Association (Expoflores) announced that the 41.8% of the sales were for the United States, Russia bought 21.2%,...