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Ecuador: President signs decree-law attracting investments

Ecuadorian President Guillermo Lasso Tuesday signed his second urgent economic decree-law after the May 17 invoking of the crossed death constitutional procedure to dissolve Congress and call for snap elections. Tuesday s Attraction and Promotion of Investments for Productive Development initiative, which provides for the creation of new duty-free trade zones, needs Constitutional Court s approval to become effective. The bill was submitted two years ago by the Government of Ecuador to the outgoing National Assembly, but it was shelved.

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