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Supporting Ecuadorian export sector affected by strikes

Contecon to extend free storage time by 40%

The Ecuadorian export sector will receive support to counteract the delicate situation that in more than ten days of national strike has represented losses of more than $40 million. Contecon announced that it will extend the free storage time by 40% for containerized cargo exports transiting the terminal from three to seven days. This aid comes from Contecon Guayaquil SA (CGSA), which announced that it will extend the free storage time by 40% for containerized cargo exports that transit through the terminal from three to seven days. About 85% of the country’s non-oil cargo circulates through the port of Guayaquil.

Last Tuesday, the Ecuadorian Federation of Exporters (Fedexpor) indicated that the export sector at the national level had already accumulated losses of more than $27 million and a day later the damage exceeded $40 million, according to Julio José Prado, Minister of Production, Foreign Trade, Investments and Fishing.

Source: ecuadortimes.net


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