Book V And VI Of The Organic Code Of Production, Trade, And Investments - Spanish / English Version
Systemic competitiveness and customs facilitation
The Organic Code of Production, Commerce, and Investments (COPCI), along with its regulations, has as its main objective the promotion of economic development in the country. This regulatory framework aims to boost foreign trade, stimulate production, and encourage investments. It is supported by various laws, primarily the Constitution of the Republic. The regulations involve active participation by the State, which acts as the governing body responsible for defining and implementing policies, instruments, and incentives to generate processes with added value.
Furthermore, COPCI promotes productive investment and seeks to enhance foreign trade through non-discriminatory treatment. It facilitates the creation of Special Economic Development Zones and establishes definitions for micro, small, and medium-sized enterprises, as well as the corresponding regulatory bodies. The focus is on promoting productive development and ensuring access to production factors, thereby stimulating the dynamics of foreign trade.
The code regulates various activities related to foreign trade, specifying competent bodies, tariff and non-tariff measures, and customs facilitation mechanisms. It defines the involved processes, as well as the tax obligations applicable to the import and export of goods from the country. In summary, COPCI aims to create a comprehensive framework that promotes economic development through trade facilitation, investment promotion, and the improvement of activities related to foreign trade.
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