• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
Lenín Moreno attacks the candidate Luisa González
Tragedy in Spain: “Most of the victims were of Ecuadorian origin”
In Ecuador, 475 organ transplants have been performed so far in 2023
This is how González and Noboa adjust their image to fight for 5.1 million votes
Shrimp farmers denounce that insecurity costs USD 100 million to the sector
United States Coast Guard will collaborate with the Navy in the fight against drug trafficking
Two corners of Ecuador in the world ranking of the best towns for tourism
Ecuadorian companies promote IDEA law in favor of Ecuador in Washington
Ecuador incorporates 25,000 hectares of paramo to its protected areas
Former comptroller Pólit ‘helped’ a corrupt businessman get an appointment with Correa

Resolution 116 of Comex helps to lower the trade deficit in 2013

Posted On 14 Jan 2014

Screen Shot 2014-01-14 at 14.33.34Richard Espinosa, Coordinating Minister of Production, Employment and Competitiveness, said yesterday that one of the effects of the Resolution Nº 116, will be the reduction of more than $800 million in purchases abroad.

According to Espinosa, this low price will cover 75.48% of the deficit in the trade balance from January to October of 2013, correcting the indicator that shows that since 2009  imports are higher than exports .

During the First International Summit of Sustainable Strategies for the Change of the Productive Matrix, held at the Convention Center in Guayaquil, Espinosa noted that import substitution is a fundamental part for the process of change in the production matrix of Ecuador.’

He stressed that the country must never allow the import of products such as coconut milk, ketchup, mayonnaise, mustard for burgers, ice cream, apples, grapes, peaches and even water.

“(…) That can not happen.We have to correct our trade balance and that is a commitment that we must have.”

In reference to the Resolution 116 of the Comex, he explained that it was implemented to speed up certain processes.

About the Author
  • google-share
Previous Story

Hollande case, triggers questions about the safety of the French Presidency

Next Story

Change in the date of ban affects the ‘romance’ of the crabs

SEARCH

LATEST NEWS

Lenín Moreno attacks the candidate Luisa González

Posted On 03 Oct 2023

Tragedy in Spain: "Most of the victims were of Ecuadorian origin"

Posted On 03 Oct 2023

In Ecuador, 475 organ transplants have been performed so far in 2023

Posted On 30 Sep 2023
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net