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Sequel to the law will address public-private partnerships
Posted On 29 Jan 2019
Ecuadornews:
After five months of the Law for Productive Development, in force since August 21, the Government prepares the second part of this regulation, which will raise reforms to laws such as the Collector, Public-Private Partnerships, Agricultural, Tourism and others.
This was indicated on Monday by the Minister of Production, Foreign Trade, Investment and Fisheries, Pablo Campana, during the inauguration of a workshop in Guayaquil, to present the 2019 strategies for the 34 commercial offices of Ecuador in the world, focused on strengthening the export of goods, products and services; besides increasing the promotion of the tourist offer of the country.
#Guayaquil | Ministro @CampanaPablo preside el "Taller: Estrategias para las Oficinas y Antenas Comerciales 2019"; junto a los ministros de @TurismoEc, @PradoHolguin, y @AgriculturaEc, @XavierLazoG; para fortalecer la imagen del país como #EcDestinoInversiones. pic.twitter.com/4UzY8WL5Wv
— Industrias Ecuador (@IndustriasEc) 28 de enero de 2019
In the act also participated the Minister of Agriculture and Livestock, Xavier Lazo; and the Minister of Tourism, Rosi Prado de Holguín.
Within the new law will be proposed projects such as Aquaculture and Fisheries, Repatriation of Capital, Entrepreneurship, a Bankruptcy Law, among others.
Campana said that the regime plans to deliver the project to the Assembly in February, although he did not rule out that it could be extended until March.
We are working four months ago on the bill, if this takes a month or two more months, there is no problem, the important thing is to send a project that is powerful, important and of benefit to the 17 million Ecuadorians, and if this causes a delay, we must assume it “, Pablo Campana, Minister of Production, Foreign Trade, Investment and Fisheries
In the specific case of the Public-Private Partnerships Act (APP), Campana acknowledged that the regulations in force since December 2015 have not generated the expected results, once it compared that Peru has an investment of APP with $ 50,000 million, while that Ecuador only has $ 2,300 million.
He blamed the lack of effectiveness of the law on his excessive tramitology. “A lot of time to draw a project and people prefer to go via concession or simply withdraw and see other opportunities in other countries,” said Campana, who said that the reforms will focus on reducing procedures and offer direct attention through a window unique investment. (I)
