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An addendum to the AC59 trade agreement will lower the import tariff on cars made in Argentina from 16.1% to 10%. Industry expects the deal signed in the second half of June. The Toyota Hilux, a Toyota SUV, and the Ford Ranger are the models in play.
At a high-level meeting in Quito, Ecuador formally asked Paraguay to classify Los Choneros, Los Lobos, Los Tiguerones, Chone Killers, and Latin Kings as terrorist organizations. Paraguay's response was non-conclusive. A Paraguayan presidential visit is scheduled for July, with a follow-up coordination meeting in Asunción on September 2.
The IMF raised its 2026 GDP growth projection for Ecuador from 2% to 2.5% in the latest World Economic Outlook, presented at the Washington spring meetings. That puts Ecuador above the 2.3% South American average. For context, Ecuador posted 3.7% growth in 2025.
The European Commission concluded negotiations on a Sustainable Investment Facilitation Agreement (SIFA) with Ecuador -- the EU's first such deal with any Latin American country. The agreement focuses on streamlining investment authorizations, improving transparency, and includes a first-of-its-kind annex on sustainable energy and raw materials.
The World Bank forecasts Ecuador's economy will grow just 2% in 2026, among the lowest rates in Latin America. A fiscal deficit of 3-4% of GDP, expiring security contributions, weakening oil receipts, and likely tax reform paint a challenging picture.
Ecuador's economy is projected to grow approximately 2% in 2026 with inflation holding near 1.5%. Country risk stands at 460 basis points. Here is what the numbers mean for expats living on dollar-denominated income in a dollarized economy.
At a 54-nation Critical Minerals Ministerial in Washington, the US formally recognized Ecuador's rare earth elements, copper, and gold deposits as strategically important — unlocking up to $10 billion in EXIM Bank financing and DFC investment guarantees for mining development.
The International Monetary Fund reports Ecuador is 'recovering much faster than anticipated' from the devastating 2024 blackout crisis. Inflation is forecast at just 1.5% for 2026 — among the lowest in Latin America — though housing costs spiked 16.97%.
President Daniel Noboa will join five other Latin American leaders at a Trump-hosted summit in Miami on March 7, forming a regional bloc focused on countering China’s influence, boosting security cooperation, and expanding trade — with Ecuador’s new US deal as the centerpiece.
The original 18-karat gold FIFA World Cup Trophy is on display at Quorum del Paseo San Francisco in Cumbayá from 2:30 PM to 9:00 PM today — the fourth time the trophy has visited Ecuador. With La Tri set to face Germany at MetLife Stadium this summer, World Cup fever is running high.
President Daniel Noboa has been invited to a Trump-hosted Latin American presidential summit on March 7 in Miami, aimed at countering Chinese influence in the region. The U.S. also highlighted Ecuador's mining potential and signed a critical minerals agreement.
Ecuador signed a bilateral mining framework with the United States at the inaugural Critical Minerals Ministerial on February 4. The agreement positions Ecuador's copper and gold reserves as strategically important to Washington -- and adds fuel to the mining debate in Azuay.
