Ecuador’s finance minister explained that foreign debt will not be renegotiated and added that it will be paid “in amounts and within timeframes established.”
The head of state affirmed that investment is essential for economic growth, job creation and knowledge exchange and added that it is important to create regional productive chains and strengthen capabilities.
The Ecuadorian government expects to reach trade agreement with EEU composed of Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia.
It is estimated that one of every 7 people is an immigrant in the world which poses a challenge for governments to create labor alternatives and new jobs for young people in Ibero-America.
According to analysts interviewed by Andes Agency, liabilities make it difficult to recover economically.
Analysts affirm that the presence of Richard Martinez, new finance minister, offers the possibility to increase private investment in the country.
Entrepreneurs from cities like Shanghai, Chongqing, Hangzhou and Nanjing participated in a forum in which they committed to visiting the country this year.
Ecuador’s IRS director Leonardo Orlando said his country expects to join the Global Forum on Transparency and Exchange of Information on Tax Purposes with the aim of fighting tax evasion.
New types of contracts in Ecuador are aimed at exporting sector.