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LATAM Ecuador launched the first-ever direct flight from Cuenca to the Galapagos Islands on March 31. The twice-weekly Airbus A319 service starts at $310 round-trip and eliminates the need for an overnight layover in Quito or Guayaquil.
January 2026 crude production hit 466,400 bbl/d, down 1.8% year-over-year and 13% below a decade ago. Illegal pipeline taps surged from 36 in 2022 to 770 in 2024, costing $100 million annually. Ecuador needs 550,000 bbl/d just to cover basic fiscal needs.
The Development Bank of Latin America (CAF) signed a $42 million loan agreement with Cuenca for urban infrastructure development -- one of the largest multilateral financing packages for an Ecuadorian city outside Quito and Guayaquil. The investment comes as Cuenca faces mounting infrastructure strain from flooding and aging utility systems.
Amnesty International submitted evidence to the UN documenting 10 people disappeared in five military operations in 2024, with 43 possible victims since 2023. A landmark court ruling sentenced 11 military officers to 34+ years for the disappearance of four teenagers in Guayaquil.
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.
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.
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.
The Federal Bureau of Investigation has established its first permanent office in Ecuador, operating out of the U.S. Embassy in Quito. The office will focus on counter-narcotics intelligence, transnational crime, and cybercrime affecting both nations.
Ecuador has signed a comprehensive trade agreement with the United Arab Emirates worth an estimated $3 billion, eliminating tariffs on over 96% of goods traded between the two countries. The deal opens Middle Eastern markets to Ecuadorian agriculture and positions Ecuador as a gateway to Latin America for Gulf investors.
Ecuador has signed a Safe Third Country agreement with the United States, accepting deportation flights carrying over 4,700 non-Ecuadorian nationals from at least 16 different countries. The agreement makes Ecuador a receiving country for asylum seekers and migrants removed from the U.S.
Angel Esteban Aguilar, known as "Lobo Menor," was captured at Mexico City's airport with a fake Colombian passport. He's the alleged mastermind behind the 2023 assassination of presidential candidate Fernando Villavicencio — and the leader of one of Ecuador's most dangerous criminal organizations.
Ecuador's housing market is pulling in different directions — rents are rising faster than sale prices, the construction sector is growing 4.1%, and affordability is becoming a concern in popular expat areas. Here's where things stand.