Ecuador is the best place to invest, the President of the Republic, Lenin Moreno, highlighted on Wednesday, May 30, before the businessmen who attended the conference Investing in the Future of Ecuador, organized by Americas Society / Council of the Americas (AS / COA).
The President highlighted the road network and the telecommunications system as benefits for investors, as well as legal stability, attractive taxation, freedom of importation, free repatriation of profits, among other measures that guarantee the development of investments.
Quito was also designated as the headquarters of the Latin American Cities Conferences, an action that Moreno highlighted as a sign of investor confidence. The Minister of Foreign Trade, Pablo Campana, also participated in the event, who highlighted the importance of being part of the Pacific Alliance, a bloc made up of Chile, Colombia, Mexico and Peru.
Campana emphasized that in order to be part of this organization driven by the free market, it is necessary to have commercial agreements with all its members and that is why bilateral relations with Mexico will be strengthened. “In July there will be a meeting of the members of the Pacific Alliance where Ecuador has been invited not only as an observer, a status that we already have, but we are going with the best intentions of entering into a commercial agreement with Mexico,” he said.
Minister Campana pointed out that the guidelines given by the government of Lenin Moreno are the commercial opening of Ecuador, so several steps are taken to sign a trade agreement with the Eurasian Community and countries such as Canada, Japan and Costa Rica.
On the other hand, he announced that negotiations will begin with India and that on June 25 an agreement will be concluded with the European Free Trade Association (EFTA), made up of Iceland, Norway, Switzerland and Liechtenstein. He added that negotiations with South Korea and Turkey will resume and that they are about to begin talks with the United Kingdom, the Dominican Republic and the United States. (I)