Ecuadorian president Lenin Moreno has signed a decree that moves towards deregulating the airline industry in the Andean nation.
The decree, published on the presidency"™s official website, will allow bilateral civil air transport agreements which will lead to liberalization of the market.
The objective is to "promote Latin American integration and promote a strategic insertion of the country in the international context," allowing for the signing of "flexible bilateral agreement" in a "gradual and progressive manner," the decree states.
Likewise, the new policy will allow the creation of agreements of "free and healthy competition, guaranteeing the permanent provision of services and preventing unfair practices or the abuse of dominant monopolistic positions."
The government entities responsible for these negotiations will be the Ministries of Transport and Public Works (MTOP) and the Ministry of Foreign Affairs and Human Mobility, together with the ministries of Tourism and Foreign Trade.
The text clarifies that the "international airports that will be subject of negotiation of these agreements, correspond exclusively to those located in continental Ecuador…
