In 18 months, Ecuador would reflect positive economic results

In mid-2021 a fundamental change is expected to allow the reactivation of the economy in Ecuador. Resolution 006-2021, issued by the Foreign Trade Committee (Comex), provides micro, small and medium enterprises (MSMEs), actors of the Popular and Solidarity Economy (EPS), and entrepreneurs and artisans benefits in logistics areas , information and costs that allow them to enter international markets and be competitive.

In 18 months, Ecuador would reflect positive economic results

Likewise, at the beginning of May of this year, the Assembly ratified two trade agreements between Ecuador and the governments of the United States and Chile. According to Boris Aguirre, CEO Grupo Entregas, president of the Foreign Trade Committee of Amcham Quito, member of the AEI Foreign Trade Committee and member of the Asemec Committee, these trade agreements and the Comex resolution will facilitate trade and investment, which will allow revive employment and growth of small and medium-sized enterprises.

“With these regulations, good and efficient customs procedures are guaranteed, smuggling is reduced and processes are streamlined. Given this possibility, costs are reduced in the collection of imports and exports in customs and, as a consequence, in the cost of production and sale. This way we will be more competitive in the market ”, stated Aguirre.

In addition, it is expected that in 18 months the good results of these decisions will be reflected in the country. “We already have the quality of products, we are the best in several aspects, what we need is to lower our sales and production costs, which are obtained with the importation of materials, chemicals, technology, among others, at low cost and without tariffs that hinder the economic flow, ”Aguirre emphasized, adding that the volume of imports and exports would increase and, therefore, there would be no income gap to the State.

Finally, the CEO of Grupo Delivergas affirmed that the elimination of the tax and these agreements will boost electronic commerce and will provide micro-entrepreneurs, producers, farmers, floriculturists and artisans with an expansion of their products abroad; and at the moment, it is also working together with the Ministry of Production, Foreign Trade, Investment and Fisheries a collaboration agreement to promote the Export Promotion Program EXPORTANDO, which promotes the export culture and facilitates the export logistics process in time and form of Ecuadorian companies in the sectors of Micro, Small and Medium Industry (Mipymes), Companies of Popular and Solidarity Economy, Entrepreneurs and Artisans.

https://www.eltelegrafo.com.ec/noticias/economia/4/ecuador-resultados-economicos-positivos