The 30 days that the National Assembly has to analyze and debate the draft Investment Law, presented by the Government, are ongoing. The proposal is urgent in economic matters and must be processed until March 24.
On the afternoon of Tuesday, March 1, the Economic Development Commission met, acknowledged the norm and established a work schedule for the legal process.
The appearances will begin on Wednesday 2, at 15:00. The first to be summoned by the table are the ministers of Finance, Production, Telecommunications, Public Works and Non-Renewable Natural Resources. The secretary of the Public-Private Association and Delegated Management, and the National Secretary of Planning were also called for this day, according to the list published by Assemblywoman Wilma Andrade (ID), a member of the Commission.
Legislative Technical Unit suggested qualifying the Investment Law project, but warned that some current regulations would be incompatible
During the session that discussed the bill, several members of the Commission expressed their expectations that the treatment and debate of this initiative would not have the same outcome as the Economic Development Law (tax reform), which, due to the differences between the political benches, ended up entering into force by the ministry of law, without modifications of the original text sent by the Executive.
“Let there be consensus not only in the Commission, but in the Plenary,” Andrade stressed and pointed out that it is an important law for the country. However, he specified that a proposal that goes against the interests of the population and the Constitution will not be accepted.
“We hope that this bill does not go through the Ministry of Law,” added Assemblyman Cristian Yucalla (PK), who appealed for a “more coherent” analysis.
Roberto Salas: Investment Law and the PPP figure allow the State to transfer roles and risks to build works and generate employment
For his part, César Rohon (Independent) stated that the work of the Commission must be serious and respected. “Let no one bring us texts from elsewhere,” he commented.
The Investment Law project was delivered by the Government to the Assembly on February 22nd. Reforms several legal bodies, contains 260 articles, 16 general provisions, 12 transitory provisions, a derogatory provision and a final one.
The Executive offers investors tax benefits, promotion of public-private alliances, delegation of strategic sectors, creation of free zones, reforms to the stock market, transformation of the telecommunications sector, among other aspects. The goal is to attract $30,000 million in investments and generate two million jobs by 2025. (I)
Source: Eluniverso
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