The Constitutional Court, through the founding judge Karla Andrada Quevedo, convened a public hearing to discuss the case initiated by the President of the Republic Guillermo Lasso, in which he seeks a positive opinion for the Regulation of the Reform Organic Law to attract and encourage investments for productive development.

The hearing is scheduled for Thursday, June 8, 2023, at 10:00 a.m., and will be telematic. The president must appear together with his ministers of economy and finance, Pablo Arosemen, and production, foreign trade, investment and fisheries, Julio José Prado, so that they “declare the economic urgency and constitutionality of the aforementioned decree”. .

On June 6, the Constitutional Court will analyze the decree on tax reform

The judge became familiar with the case and convened the hearing for this Thursday, May 25, and with that she requested that the president be notified so that he would send an orderly report to the Constitutional Court within three days of his notification. detailed that justifies the economic urgency of the aforementioned legal regulation.

National level universities, experts in the field, trade unions and citizens in general can be represented amicus curiae in writing by Monday, June 5 regarding the economic urgency and constitutionality of the Law Decree, and only those who do so within the stipulated time and wish to intervene orally at the hearing must register by e-mail by Tuesday, June 6 at 09:00. until 4:00 p.m. Not everyone will be able to participate because the number of places is limited.

The debate will be broadcast on the official YouTube channel of the Constitutional Court.

What are free zones and which sectors would benefit from the decree that President Guillermo Lasso sent to the Constitutional Court?

The law on the decree presented to the Court is the same bill that was presented to the Parliament, but it was not even analyzed.

One of the main points is that Special Economic Development Zones (ZEDEs) and free zones can be public sector initiatives, private sector initiatives and even mixed initiatives. Instead, according to the current law, this initiative is only in the hands of the state. Now, in addition, every production sector of goods and services can comply with this special regime with clear tax incentives, such as: