Tariff reform will include 81 productive sectors nationwide

With this measure we try to improve costs in the business sector.

The government is refining the list of the productive sectors that will be included in the tariff reform that will seek to reduce production costs in the country.

Julio José Prado, Minister of Production, said Thursday that the reform will include 81 productive sectors nationwide and that will cover supplies, capital goods, raw materials.

The Ministry of Production suggests that this can be an inclusive reform to benefit a good part of the sectors that require reducing their costs.

The reform plans to be ready in a few more weeks to make this a tool that helps productive reactivation.

Prado said this week that more than 22,000 formal companies have disappeared in Ecuador during the pandemic, although he did not specify sectors. Real losses exceed $ 14,500 million.

According to the minister of that portfolio, this is the worst crisis in the productive sectors, even exceeds the productive fall left by the 1999 financial crisis.

The government also seeks to push the reactivation on the side of investment attraction. This Thursday, Prado maintained a forum with commercial offices to be able to identify postpandia opportunities.

More than that, the Ministry prepares an international congress to invite the country to multilateral entities, entrepreneurs and investors to present the investment projects that Ecuador has.

For that, the government prepares a catalog with public projects in which the private sector can invest.

President Guillermo Lasso has been in favor of pushing public-private alliances at a time that the State does not have enough funds to push the great projects on their own.