In the Ministry of Production, Foreign Trade, Investments and Fisheries, the transition process has begun and Minister Daniel Legarda has already met with his successor in office, Sonsoles García.
“As part of the transition process, we explained to the team of the future minister the projects implemented by the Ministry of Production and Industry, framed by the Competitiveness Strategy.” reported this state portfolio.
The Constitutional Court has approved a trade agreement between Ecuador and China and is asking the executive to send it to the National Assembly as soon as it takes office
This meeting took place last Monday, ten days before the change of government takes place and Daniel Noboa Azín takes over the Presidency of the Republic and his cabinet takes office.
The Ministry of Production is the one that implements the trade agreements signed in the administration of Guillermo Lass and whose ratification will be in the hands of the new National Assembly that will be installed this Friday, November 17.
The legislative agreement between Revolución Ciudadana, PSC and ADN would have at least six points
For the first session of the Assembly and the integration of its commissions, there are several points of agreement reached by the Civil Revolution Movement (RC), the Christian Social Party (PSC) and the government alliance National Democratic Action (ADN), as explained by sources close to the negotiations, and one of them, Noboa’s group would keep the four that the newly elected president requested: economic regime, economic development, security and international relations.
The latter is the one that must process the trade agreements signed by the current government so that they go to the plenary debate and are ratified and come into force.
The trade agreement foresees a gradual reduction of tariffs on Chinese cars until 2038, imported furniture will not be reduced
In 2023, Ecuador signed trade agreements with Costa Rica, China, and South Korea signed the text in English in advance, and the final subscription is missing.
Source: Eluniverso
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