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Ecuador obtained $ 5.5 billion of income from exports in 2020

In the space “De Frente con el Presidente”, the Head of State, Lenín Moreno, and the Minister of Agriculture, Xavier Lazo, spoke about the Government’s plans to reactivate agricultural production in the country. Ecuador obtained $ 5.5 billion of income from exports in 2020...
Posted On 13 Jan 2021
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Why is inflation so low in Latin America and what does it say about the region’s economy

When the lockdowns caused businesses, airports, factories, schools and houses to close their doors to mitigate the severity of the covid-19 pandemic, the economies of Latin American countries felt the blow. Why is inflation so low in Latin America and what does it say about the...
Posted On 13 Jan 2021
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Ecuador will encourage the sale of agricultural products in virtual stores

From this Monday, January 4, the Undersecretariat of Marketing of the  Ministry of Agriculture  (MAG) will carry out the activities planned to promote the commercialization of agricultural products through virtual stores. Ecuador will encourage the sale of agricultural products...
Posted On 05 Jan 2021
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Ecuadorian exports to the European Union increased by 11%

The trade balance between Ecuador and the European Union is positive. This was described by the ambassador of the regional bloc, Charles Michel Geurts, this Thursday, December 10, when showing results after the four years of validity of the mutual agreement. Ecuadorian exports to...
Posted On 11 Dec 2020
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Government of Ecuador hires a US firm for $ 900,000 to lobby in favor of the trade agreement

The Government of Ecuador, through the Ministry of Production, Foreign Trade and Fisheries , hired the US firm Arnold & Porter Kaye Scholer LLP to lobby (lobby with authorities) in favor of a trade agreement with the United States (USA). ), for an amount of $ 900,000 that...
Posted On 10 Dec 2020
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Government signs a financial agreement for Ecuadorian mipymes

An agreement through which it is analyzed to allocate $ 700 million to private banks, to grant loans to micro, small and medium-sized companies, government authorities signed this Monday, December 7, with the International Development Corporation of the United States (DFC) ....
Posted On 08 Dec 2020
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China is targeting imported frozen products such as shrimp from Ecuador, by imposing a new version of the origin of COVID-19

“Did the early outbreak in Wuhan originate from imported frozen food?” This is the question asked by the Chinese newspaper Global Times, belonging to the People’s Daily newspaper of the Chinese Communist Party, about the origin of the SARS-CoV-2 coronavirus...
Posted On 08 Dec 2020
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260 thousand jobs were created in the country under the new hiring modalities

The data still reflects a complex reality, but the most recent decisions of the Ministry of Labor are aimed at promoting employment in times of pandemic, according to the Undersecretary of Policies and Standards, Nathaly Pernett. 260 thousand jobs were created in the country...
Posted On 03 Dec 2020
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Ecuadorian roses enter the United States with zero tariffs

Ecuadorian roses entered the United States’ System of Tariff Preferences (GSP). With this, this product –since November 1– enters the United States with a 0% tariff (before it was 6.8%), which contributes to improving its competitiveness in this important market. Ecuadorian...
Posted On 02 Dec 2020
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The IMF warns that the debt does not disappear and is committed to growing more to address its payment

The International Monetary Fund (IMF) assured that “the debts do not disappear”, referring to the comments from Italy on the possibility of canceling the debt contracted by governments to face the pandemic, stressing that the best way to facilitate the service of...
Posted On 01 Dec 2020
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