• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
Police capture the State Comptroller General, Pablo Celi, for alleged organized crime
Jaime Durán Barba, the ‘electoral guru’ who was key in Guillermo Lasso’s victory
Guillermo Lasso: the US and Ecuador will once again be allies
Rafael Correa: We honestly believed we were winning, but our projections were wrong
The European Union will continue to ‘strengthen’ cooperation with the new Government of Ecuador
With 99% of the minutes scrutinized, Guillemo Lasso wins the Presidency with 52.42%
Ecuador applies two doses of vaccine for every 100 inhabitants. How many are administered in other 48 countries in America?
Ecuadorian migrant died after falling from the border wall between the United States and Mexico
On April 13, vaccination will begin in Guayaquil with doses of Sinovac, within the Municipality-Government agreement
Facebook removes 390 accounts, focused on Ecuador, from that social network and Instagram for ‘foreign interference’

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

Albuja will resume a busy schedule in OAS

Next Story

Francisco renews commission of cardinals of Vatican’s bank

SEARCH

LATEST NEWS

Police capture the State Comptroller General, Pablo Celi, for alleged organized crime

Posted On 13 Apr 2021

Jaime Durán Barba, the 'electoral guru' who was key in Guillermo Lasso's victory

Posted On 13 Apr 2021

Guillermo Lasso: the US and Ecuador will once again be allies

Posted On 13 Apr 2021
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net