Gradually local products replace the imported ones

National or assembled goods in the country are beginning to displace the imported in certain market segments, such as appliances and textiles, due to the entry into force of safeguards to merchandise purchased abroad, thus, some businesses have chosen to import less and supply...

Ecuador informed the WTO about tariff measures

The Ministry of Foreign Trade announced that the General Council of the World Trade Organization (WTO) was informed on April 2 about resolution 011-2015 of the Committee of Foreign Trade (Comex). This resolution determines the setting of safeguard measures to 2900 imported tariff...

Prices of used vehicles rise

As a result of the entry into force of tariff surcharges, and restriction of import quotas, the value of new vehicles and spare parts would have risen in the last three months, a reason why used cars would cost more. Second hand cars have increased in value from $ 300 to $ 2,000...

Consumers feel the effect of safeguard measures

Products in the Ecuadorian market have raised their prices due to the new tariff surcharges, which according to the government, seek to cope with the dollar appreciation and falling oil prices, settling this way the balance of payments. The fiscal deficit of $ 5,369 million in...

Safeguard measures affect the poorest segments of the population

From March 11 and for 15 months exchange safeguard measures are into force, which levy customs tariffs of 5% to 45% on imported products from 2,961 subheadings, which include clothes, shoes, fruit, meat, in to order to to face the fall in oil prices and the currency devaluation...

Minister of Education says that only those who buy imported school supplies will spend more

The Minister of Education, Augusto Espinoza, at a press conference said that the domestic industry is capable of solving the demand of school supplies that have been taxed by government safeguards. Espinoza said that the requested list of school supplies by the Ministry to...

Application of Safeguards is defended by Correa again

President Rafael Correa again defended the application of safeguards to certain products due to current circumstances in international markets. The president explained that given the appreciation of the dollar in international markets the country loses competitiveness. He cited...

Government plans to review the list of products affected by safeguards

On March 6 a document through which a safeguard BOP is set to 2961 tariff items was issued. The surcharge established is between 5% and 45%. Some unions criticize the inclusion of raw material needed for their activities and requested a revision of the list. The Association of...
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