Ecuador in default

Today Ecuador became the first Latin American economy to be in default, following the global financial crisis that started in September.

Friday, November 14, 2008

The Andean country's risk shot up more than 4,000 points. The government of Rafael Correa says that they have the funds but do not want to pay as yet, since they are investigating "illegalities" in the contract for the debt that expires tomorrow.

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Tax Information Agreement Costa Rica - Ecuador

June 2013

The aim of the Agreement is to exchange information between the two countries for the administration and enforcement of tax laws.  

From a press release by the Ministry of Foreign Affairs of Costa Rica:

Costa Rica and Ecuador have signed an Agreement on the Exchange of Information in Tax Matters, with which the country moves forward in its fulfilment of the commitments made in 2009 with the Organization for Economic Cooperation and Development (OECD).

Panama and Ecuador Seek Tax Agreement

September 2009

A committee composed of Economy and Foreign Relationships ministers will seek tax and trade agreements.

This way, they will look to stop Panama's complaints against Ecuador before the World Trade Organization, which protested the application of discriminatory trade measures.

Ecuador interested in FTA with Guatemala

October 2008

Negotiations for a FTA between Guatemala and Ecuador could begin in the first semester of 2009

The embassy indicated that they have met with members of the Government to study the possibility of signing a Free Trade Agreement between Guatemala and Ecuador.

Roberto Ponce, Ecuadoran ambassador, pointed out that he is in talks since the beginning of 2008 and that negotiations are scheduled to start in the first semester of 2009.

Panama to lift restriction on Ecuadoran imports

October 2008

The safety protocol that was signed is a step toward the lifting of restrictions on imports of flowers and plants coming from Ecuador.

The Minister of Agricultural Development, Guillermo Salazar, clarified the signing of the protocol does "not signify the immediate acceptance of shipments."

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