This February 22, the President of the Republic, Guillermo Lasso, delivered to the National Assembly the urgent project in economic matters for the attraction of investments, strengthening of the stock market and digital transformation.
The legal secretary of the Presidency, Fabián Pozo, was in charge of presenting the bill that includes 260 articles, 16 general provisions, 12 transitory provisions, a derogatory provision and a final one.
With three axes: public-private alliances, free zones and stock market, this afternoon the Investment Law is sent to the Assembly
The project, according to the arguments of the Executive, proposes the attraction of investments as the driving force, for which a new regulation is proposed for public-private associations, a new regulation for the incentive of free zones and special zones of economic development, a reform to the stock market, reforms to several legal bodies that prevent, hinder or discourage digital transformation and technological markets, reforms to several legal bodies in which there are significant possibilities for investment and job creation.
The project, which will pass to the knowledge and resolution of the Legislative Administration Council (CAL), aims to create opportunities by attracting and promoting investments in multiple sectors of the economy. As well as promoting the creation of jobs, promoting efficiency in the markets, construction and regulatory improvement, as well as the simplification and adoption of digital media and technologies in administrative procedures. (I)
Source: Eluniverso
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