Rising imports boosts economic growth

Ecuadornews:

The economic recovery in the second quarter of the year is sustained by a substantial increase in imports of 13.2% compared to the same period in 2016, according to the Central Bank of Ecuador.

Director of the National Customs Service of Ecuador (Senae) Mauro Andino indicated that the lifting of safeguards, on May 31 this year, generated this trend.

Of the total imports, 27.4% correspond to transport equipment, 18.8% to textiles, and 7.5% to chemical products.

Andino said that the issue is analyzed within the strategies of the economic plan that President Lenin Moreno will announce these days. However, he clarified that the final decisions will be considered in a comprehensive manner, taking into account the possible effects on fiscal and foreign trade matters.

“To generate more jobs, productivity and strengthen the export sector,” he added. (I)

Source: http://www.eltelegrafo.com.ec/noticias/economia/8/el-aumento-de-las-importaciones-apuntala-el-crecimiento-economico