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El Comercio reports that President Daniel Noboa announced Ecuador will begin acquiring medicines from India, with negotiations already underway and an expected arrival in about three weeks. The amount, medicine types and first hospitals have not yet been detailed.
President Daniel Noboa said the Quito Metro expansion will start during this period, while El Comercio reports the La Ofelia extension remains in definitive studies and still needs total-financing authorization from the national government.
Foreign Minister Gabriela Sommerfeld released Ecuador's 2025 foreign affairs report, highlighting 107 bilateral instruments signed, $343.9 million in non-reimbursable international cooperation, 529,685 online visa appointments, and a 97.98% budget execution rate. The headline policy win: more than 7,400 tariff lines going to 0% under the US trade deal.
Gasoline and diesel prices in Ecuador are expected to increase approximately 5% when the monthly band adjustment takes effect on April 12. Extra and ecopais gasoline currently at $2.89/gallon and diesel premium at $2.82/gallon are being pushed higher by WTI crude above $100/barrel.
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.
Washington and Quito have 'substantially concluded' negotiations on a reciprocal trade agreement set to be signed in coming weeks. But Ecuador's biggest non-oil export to the U.S. — shrimp worth $2 billion a year — may not get the tariff relief the industry needs to survive.
