At the 8th Session of the Strategic Committee on Investment Promotion and Attraction (SEPI) held on Tuesday, April 26, 2022, 45 Agreement From Investment For USD 894 million. It was reported by Ecuador’s Minister of Production, Foreign Trade, Investment and Fisheries, Julius Jose Prado.
The minister assured that these agreements would create 3,754 New job In the country. This news was approved in the first four months of 2022 Promise From Investment They reached USD 2,830 million.
As of May 24, 2021, the current administration has approved 228 investment deals, representing approximately USD 5,000 million, which will create more than 24,000 jobs, according to the Production Portfolio.
Prado says management in less than a year Government The total amount allowed has exceeded in recent years.
In 2017, seven contracts were approved for USD 77 million; There were 23 contracts for USD 996 million in 2018; There were 53 contracts for USD 1,166 million in 2019; In 2020, 50 investment deals were registered for US 60 603 million. 2021 closed with USD 2,158 million for approval of 67 pledges, of which USD 1,169 million was approved with management of USD Ministry.
Overall, before this management ManagementIn more than four years, USD 3,311 million has been approved.
Record amount of US ৫ 5 billion in 2015 Approval New contracts approved at this time GovernmentConfirming that Ecuador is feeling a push Investment A lot Citizens What? ForeignWhich translates into middle and long term employment and development generation, mainly associated with S.Mining sectorMinister of Production, Tourism, Energy, Agribusiness, Logistics, Forests and Agriculture, Prado said.
He indicated that companies whose investment agreements have been approved will take advantage of this Benefits Which allows Organic law for productive developmentAttracting investment, job creation and financial stability, which establishes tax exemptions on foreign exchange inflows (ISD), Provides tax incentives for investors such as income tax exemptions, among others.
Also, Prado says 28 284 million in additions have been approved so far in 2022 Request From Increase From Investment In the past Agreement“Which is a clear indication of the confidence of productive sectors in the policies implemented by the government.”
We are promoting a strong investment shock!
The 8th session of the CEPAI Strategic Committee on Investment Promotion and Attraction today approved বিনিয়োগ 894 million related to 45 investment deals, with a commitment to create 3,754 new jobs. pic.twitter.com/B22dWq86rj
– Ministry of Production (roduProduccion_Ecu) April 26, 2022