Businesses Are Critical of Ecuador’s Economic Management

Recently, the Guayaquil Chamber of Commerce has become concerned about the economy of Ecuador report Expreso.ec. Even with high oil prices, the Commerce is concerned that the government has not made progress in the country’s growth. Eduardo Pena, the newly elected union president says that even with more economic resources than any previous administration, Correa’s government is issuing new taxes under the disguise of environmental taxes. Pena also criticizes the lack of security, fewer jobs and less foreign investment under the current government. He goes further, calling for the government to charge and collect taxes that are already in place. The Commerce also called for the respect of civil liberties including freedom of the press. Pena invites the government to work with the private sector and respect the ‘essence of democracy.’Read Article