Ecuador

Abstract

Wikipedia Country Information

Ecuador ( EK-wə-dor, Spanish: [ekwaˈðor]) (Quechua: Ikwadur), officially the Republic of Ecuador (Spanish: República del Ecuador, which literally translates as "Republic of the Equator"; Quechua: Ikwadur Ripuwlika), is a representative democratic republic in northwestern South America, bordered by Colombia on the north, Peru on the east and south, and the Pacific Ocean to the west. Ecuador also includes the Galápagos Islands in the Pacific, about 1,000 kilometres (620 mi) west of the mainland.
What is now Ecuador was home to a variety of Amerindian groups that were gradually incorporated into the Inca Empire during the 15th century. The territory was colonized by Spain during the 16th century, achieving independence in 1820 as part of Gran Colombia, from which it emerged as its own sovereign state in 1830. The legacy of both empires is reflected in Ecuador's ethnically diverse population, with most of its 16.4 million people being mestizos, followed by large minorities of European, Amerindian, and African descendants.
Spanish is the official language and is spoken by a majority of the population, though 13 Amerindian languages are also recognized, including Quichua and Shuar. The capital city is Quito, while the largest city is Guayaquil. In reflection of the country's rich cultural heritage, the historical center of Quito was declared a UNESCO World Heritage Site in 1978. Cuenca, the third-largest city, was also declared a World Heritage Site in 1999 as an outstanding example of a planned, inland Spanish-style colonial city in the Americas.
Ecuador has a developing economy that is highly dependent on commodities, namely petroleum and agricultural products. The country is classified as a medium-income country. Ecuador is a democratic presidential republic. The new constitution of 2008 is the first in the world to recognize legally enforceable Rights of Nature, or ecosystem rights. Ecuador is also known for its rich ecology, hosting many endemic plants and animals, such as those of the Galápagos Islands. It is one of 17 megadiverse countries in the world.


Summary
Instruments ratified: 123 / 282
World Average Ratifications: 114 / 282
Ratification rate: 46.55%
World Average Rate: 41.25%
Weighted score: 53.59%
World Average Weighted Score: 41.25%
World rank: 55 / 194
Developing country rank: 13 / 87
Developing country Avg. Ratifications: 109 / 282
South America rank: 2 / 13
South America Avg. Ratifications: 111 / 282
Comparative Statistical Analysis
CONTRACTS Inst. ratified Country score World avg. score Country rank in world Strength
Agency 0/2 0.00% 2.00% 8 Weak
Conflict of laws 0/7 0.00% 3.00% 27 Weak
E-commerce 1/3 (33.33%) 33.33% 18.00% 33 Strong
Franchising 0/1 0.00% 0.00% 1 Average
Leasing/Factoring 0/2 0.00% 5.00% 13 Weak
Principles, trade usages and standards 0/2 0.00% 0.00% 1 Average
Procurement 0/4 0.00% 3.00% 31 Weak
Sale of Goods 1/5 (20.00%) 45.45% 25.00% 29 Strong
Travel contracts 0/1 0.00% 3.00% 7 Weak
Total 2 14.49% 9.00% 37 Strong
 
CUSTOMS Inst. ratified Country score World avg. score Country rank in world Strength
Customs Codification 2/3 (66.67%) 100.00% 78.00% 1 Strong
Customs Cooperation 0/6 0.00% 26.00% 117 Weak
Exemption from Duties 2/9 (22.22%) 29.63% 30.00% 81 Weak
Temporary Admission 2/11 (18.18%) 23.53% 28.00% 77 Weak
Transit 0/4 0.00% 28.00% 98 Weak
Total 6 22.83% 31.00% 104 Weak
 
DISPUTE RESOLUTION Inst. ratified Country score World avg. score Country rank in world Strength
Arbitration 1/6 (16.67%) 25.00% 32.00% 86 Weak
Judicial cooperation 1/5 (20.00%) 26.32% 36.00% 76 Weak
Recognition of foreign judgments 0/2 0.00% 2.00% 6 Weak
State court jurisdiction 0/4 0.00% 14.00% 29 Weak
State court procedure 1/1 (100.00%) 100.00% 6.00% 1 Strong
State immunities 0/1 0.00% 11.00% 22 Weak
Total 3 22.00% 29.00% 90 Weak
 
ENVIRONMENT AND PRODUCTS Inst. ratified Country score World avg. score Country rank in world Strength
Air 4/5 (80.00%) 80.00% 86.00% 59 Weak
Chemicals 1/1 (100.00%) 100.00% 78.00% 1 Strong
Energy 0/2 0.00% 25.00% 50 Weak
Flora and fauna 7/10 (70.00%) 76.09% 68.00% 46 Strong
Foodstuff 2/2 (100.00%) 100.00% 79.00% 1 Strong
General 1/1 (100.00%) 100.00% 95.00% 1 Weak
International watercourses 0/1 0.00% 18.00% 36 Weak
Maritime and Law of the Sea 12/26 (46.15%) 52.17% 46.00% 85 Strong
Protected geographical areas 1/1 (100.00%) 100.00% 27.00% 1 Strong
Waste 1/1 (100.00%) 100.00% 93.00% 1 Weak
Total 29 67.19% 61.00% 67 Average
 
FINANCE, PAYMENTS AND INSOLVENCY Inst. ratified Country score World avg. score Country rank in world Strength
Assignment of receivables 0/1 0.00% 1.00% 2 Weak
Bankruptcy and insolvency 0/1 0.00% 21.00% 41 Weak
Bills of exchange and promissory notes 0/4 0.00% 8.00% 43 Weak
Cheques 0/3 0.00% 13.00% 36 Weak
Credit transfers 0/1 0.00% 0.00% 1 Average
International guarantees 1/3 (33.33%) 45.45% 20.00% 64 Strong
Total 1 12.20% 12.00% 85 Weak
 
GOOD GOVERNANCE Inst. ratified Country score World avg. score Country rank in world Strength
Corruption 1/4 (25.00%) 41.67% 50.00% 92 Weak
Cultural Property 4/4 (100.00%) 100.00% 54.00% 1 Strong
Drugs 3/3 (100.00%) 100.00% 95.00% 1 Weak
Insider Trading 0/1 0.00% 4.00% 9 Weak
Organized crime 2/2 (100.00%) 100.00% 80.00% 1 Strong
Total 10 84.62% 68.00% 20 Strong
 
HUMAN RIGHTS AND LABOUR STANDARDS Inst. ratified Country score World avg. score Country rank in world Strength
Human Rights 7/7 (100.00%) 100.00% 96.00% 1 Weak
Labour Standards 8/8 (100.00%) 100.00% 86.00% 1 Strong
Total 15 100.00% 91.00% 1 Average
 
INSTITUTIONAL PARTICIPATION Inst. ratified Country score World avg. score Country rank in world Strength
Dispute Resolution 0/1 0.00% 39.00% 77 Weak
International Trade Law 8/10 (80.00%) 80.00% 73.00% 56 Average
Trade support institutions 3/6 (50.00%) 50.00% 51.00% 82 Weak
Total 11 64.71% 63.00% 79 Weak
 
INTELLECTUAL PROPERTY Inst. ratified Country score World avg. score Country rank in world Strength
Broadcasting 1/1 (100.00%) 100.00% 47.00% 1 Strong
Copyright 3/3 (100.00%) 100.00% 65.00% 1 Strong
Industrial designs 0/2 0.00% 31.00% 82 Weak
Integrated circuits 0/1 0.00% 2.00% 4 Weak
Neighboring Rights 3/3 (100.00%) 100.00% 46.00% 1 Strong
Origin 0/3 0.00% 14.00% 51 Weak
Patents 2/5 (40.00%) 47.62% 57.00% 87 Weak
Trademarks 0/6 0.00% 33.00% 124 Weak
Varieties of plants 1/1 (100.00%) 100.00% 37.00% 1 Strong
Total 10 46.32% 42.00% 82 Average
 
INVESTMENTS Inst. ratified Country score World avg. score Country rank in world Strength
Investment disputes 1/2 (50.00%) 50.00% 39.00% 2 Strong
Investment guaranty 1/1 (100.00%) 100.00% 93.00% 1 Weak
Total 2 66.67% 57.00% 2 Strong
 
PRODUCTS Inst. ratified Country score World avg. score Country rank in world Strength
Marine Resources 0/1 0.00% 24.00% 48 Weak
Timber 1/1 (100.00%) 100.00% 31.00% 1 Strong
General 1/1 (100.00%) 100.00% 92.00% 1 Weak
Total 2 76.92% 53.00% 23 Strong
 
TRANSPORT AND TELECOMMUNICATIONS Inst. ratified Country score World avg. score Country rank in world Strength
Air transport 5/7 (71.43%) 90.48% 59.00% 4 Strong
Aircrafts and civil aviation 7/9 (77.78%) 92.00% 74.00% 11 Strong
Maritime shipping and load lines 10/13 (76.92%) 85.71% 66.00% 55 Strong
Maritime transport 4/12 (33.33%) 33.33% 27.00% 55 Strong
Multi modal transport 0/2 0.00% 4.00% 15 Weak
Rail transport 0/3 0.00% 22.00% 50 Weak
Road transport 0/4 0.00% 31.00% 86 Weak
Space 2/4 (50.00%) 66.67% 40.00% 55 Strong
Telecommunications 1/2 (50.00%) 83.33% 47.00% 26 Strong
Total 29 60.14% 50.00% 55 Strong
 
TREATIES LAW Inst. ratified Country score World avg. score Country rank in world Strength
General 2/4 (50.00%) 66.67% 30.00% 11 Strong
Total 2 66.67% 30.00% 11 Strong
 
WTO Inst. ratified Country score World avg. score Country rank in world Strength
Plurilateral Agreements 0/2 0.00% 18.00% 45 Weak
WTO Agreements 1/1 (100.00%) 100.00% 81.00% 1 Strong
Total 1 45.45% 47.00% 45 Weak
 
Strengths and Weakness
Strong
Contracts E-commerce
Contracts Sale of Goods
Customs Customs Codification
Dispute resolution State court procedure
Environment and products Chemicals
Environment and products Flora and fauna
Environment and products Foodstuff
Environment and products Maritime and Law of the Sea
Environment and products Protected geographical areas
Finance, payments and insolvency International guarantees
Good Governance Cultural Property
Good Governance Organized crime
Human Rights and Labour Standards Labour Standards
Intellectual property Broadcasting
Intellectual property Copyright
Intellectual property Neighboring Rights
Intellectual property Varieties of plants
Investments Investment disputes
Products Timber
Transport and telecommunications Air transport
Transport and telecommunications Aircrafts and civil aviation
Transport and telecommunications Maritime shipping and load lines
Transport and telecommunications Maritime transport
Transport and telecommunications Space
Transport and telecommunications Telecommunications
Treaties law General
WTO WTO Agreements
 
Average
Contracts Franchising
Contracts Principles, trade usages and standards
Finance, payments and insolvency Credit transfers
Institutional Participation International Trade Law
 
Weak
Contracts Agency
Contracts Conflict of laws
Contracts Leasing/Factoring
Contracts Procurement
Contracts Travel contracts
Customs Customs Cooperation
Customs Exemption from Duties
Customs Temporary Admission
Customs Transit
Dispute resolution Arbitration
Dispute resolution Judicial cooperation
Dispute resolution Recognition of foreign judgments
Dispute resolution State court jurisdiction
Dispute resolution State immunities
Environment and products Air
Environment and products Energy
Environment and products General
Environment and products International watercourses
Environment and products Waste
Finance, payments and insolvency Assignment of receivables
Finance, payments and insolvency Bankruptcy and insolvency
Finance, payments and insolvency Bills of exchange and promissory notes
Finance, payments and insolvency Cheques
Good Governance Corruption
Good Governance Drugs
Good Governance Insider Trading
Human Rights and Labour Standards Human rights
Institutional Participation Dispute Resolution
Institutional Participation Trade support institutions
Intellectual property Industrial designs
Intellectual property Integrated circuits
Intellectual property Origin
Intellectual property Patents
Intellectual property Trademarks
Investments Investment guaranty
Products General
Products Marine Resources
Transport and telecommunications Multi modal transport
Transport and telecommunications Rail transport
Transport and telecommunications Road transport
WTO Plurilateral Agreements
Instruments ratifications

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