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News from Ecuador, for the world

EE
economy

South Korea Trade Deal (SECA) Cleared by Constitutional Court

Ecuador's Constitutional Court declared the Strategic Economic Cooperation Agreement (SECA) with South Korea constitutional, clearing the final legal hurdle. 98.8% of Ecuador's exportable products will enter Korea tariff-free, opening access to 51 million consumers.

Chip MorenoChip Moreno·March 30, 2026
EE
safety

Journalist Shot in Huaquillas After Fake News Tip

Jose Vinces, 44, founder of Vinces TV, was shot 10 times by two gunmen on a motorcycle after being lured to a cemetery by a fabricated tip about human remains. His microphone helped stop a bullet. The Committee to Protect Journalists condemned the attack and called for investigation.

Chip MorenoChip Moreno·March 30, 2026
EE
healthcare

IESS Gets Zero Government Funding in 2026 Budget — Healthcare System Faces $1B Gap

Ecuador's 2026 budget includes no allocation for IESS medical care, leaving the social security system with an estimated $1 billion shortfall. Medication shortages and emergency room waits of 4-8 hours are already widespread.

Chip MorenoChip Moreno·March 27, 2026
EE
politics

Noboa on China: "I Can't Fight With My Second-Largest Trading Partner"

In a CNN en Espanol interview on March 20, President Noboa defended Ecuador's commercial relationship with China while reaffirming the country's deepening military and diplomatic alliance with the United States.

Chip MorenoChip Moreno·March 27, 2026
EE
culture

Semana Santa 2026: What's Open, What's Closed, and What to Know

Holy Week runs March 29 through April 5 this year. Good Friday (April 3) is a non-recoverable national holiday. Holy Thursday is NOT a public holiday. Here is what expats need to know about closures, events, and travel.

Chip MorenoChip Moreno·March 27, 2026
EE
economy

New Tax Withholding Rates in Effect — SRI Eliminates 2.75% Bracket, Raises Default to 3%

Ecuador's tax authority SRI has implemented new withholding rates effective March 1 under resolution NAC-DGERCGC26-00000009. The 2.75% rate has been eliminated and replaced with a 5% bracket, and the default withholding rate has increased to 3%.

Chip MorenoChip Moreno·March 27, 2026
EE
economy

Korea Free Trade Deal Cleared — 98.8% of Ecuadorian Products Enter Korea Tariff-Free

Ecuador's Constitutional Court declared the SECA trade agreement with South Korea compliant on March 19. The deal grants tariff-free access for 98.8% of Ecuadorian products and covers investment, technology transfer, energy, and infrastructure cooperation.

Chip MorenoChip Moreno·March 27, 2026
EE
politics

Europol Deal Ratified, Cuban Ambassador Expelled, and Kristi Noem Visits Ecuador

Three diplomatic developments in a single week: Ecuador ratified a cooperation treaty with Europol on March 26, expelled the Cuban ambassador without explanation in early March, and hosted U.S. Homeland Security Secretary Kristi Noem on March 25-26.

Chip MorenoChip Moreno·March 27, 2026
EE
economy

Ecuador Signs Trade Deal With U.S. — 53% of Non-Oil Exports Now Tariff-Free

Ecuador and the United States signed a bilateral trade agreement on March 18 granting tariff-free access for 53% of Ecuador's non-oil exports, worth $2.786 billion. The deal covers 1,673 tariff subheadings including bananas, shrimp, cocoa, coffee, and flowers.

Chip MorenoChip Moreno·March 27, 2026
EE
economy

Businesses Ordered to Run Generators 14 Hours a Day as Electricity Crisis Deepens

Ecuador's grid operator CENACE has ordered businesses to self-generate electricity from 9 AM to 11 PM on weekdays since March 17. The Coca Codo Sinclair dam is operating at 37% capacity, and Colombia has suspended 450 MW in electricity exports.

Chip MorenoChip Moreno·March 27, 2026
EE
economy

Ecuador-Colombia Trade War Escalates — 50% Mutual Tariffs, $2.8B at Risk

Ecuador and Colombia have imposed 50% tariffs on each other's imports in an escalating trade war that puts $2.8 billion in bilateral trade at risk. Colombia has also suspended electricity exports and raised pipeline fees by 900%.

Chip MorenoChip Moreno·March 27, 2026
EE
safety

U.S. Military Operations Launch in Ecuador — First Time U.S. Forces on Ecuadorian Soil

The United States has deployed approximately 75,000 military personnel to Ecuador in a historic first, marking the largest U.S. military operation in South America in decades. The deployment aims to combat narcotrafficking networks operating along Ecuador's coast and border regions.

Chip MorenoChip Moreno·March 26, 2026