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BREAKING NEWS
Extra and eco gasoline prices at $2.40 and diesel at $1.75 are already in force in Ecuador
Ministry of Agriculture began the delivery of seeds, inputs and subsidized fertilizers up to 70%
Guillermo Lasso: ‘Now together we begin the task of transforming this peace into progress, well-being and opportunities for all’
Government and Conaie agree to end the strike after a tense morning
Ecuador asks Mexico for a response on bananas and shrimp
Losses in the non-oil export sector amount to $85 million in 16 days of strike
The Government withdraws from the dialogue table after the death of a soldier
Popular oil would arrive in stores from this week at prices ranging from $1 to $1.25
Legislators denounce pressure and threats to vote for the removal of the President of the Republic, Guillermo Lasso
Conaie agrees to meet with representatives of all State powers

IMF and WTO will analyze Ecuadorian global safeguards proposal

Posted On 28 Feb 2015

Salvaguardias-globales-ecuatoriano-analizadas-FMI-OMCThe International Monetary Fund (IMF) and the World Trade Organization (WTO), should analyze the proposed global safeguards on which the Ecuadorian government is working in order to balance the balance of payments.

On the issue, the Minister of Industries, Ramiro Gonzalez, said yesterday that on Monday or Tuesday would be ready, because the technical teams are working on the issue.

However, he said the process will be, firstly, to deliver the item to Monetary Fund, entity shall certify, in three day period, that Ecuador has a balance of payments problem.

The report then happen to the WTO, which must indicate that the measure is not permitted altering indexes.

On the effective date of the measure that would tax with tariffs on 20% of items, said countries often apply them when they see necessary, but in any case Ecuador will comply with these previous steps.

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