Sectors affected by safeguard measures intend that the list of selected products is updated

Productive sectors will deliver to the government the new lists of certain products they believe should not be affected by the safeguard applied by Ecuador since last March 11 to 2,800 subheadings of imported products (32% of the total). Luis Alberto Salvador, Vice President of...

For 15 months the imported clothing will have a surtax of 45%

The imported garments will have a 45% tariff surcharge imposed by the government since this March 11. Also to the swimsuits and underwear will applied the 25% in this category. Even the inputs for local tailoring such as tissues, yarns and others, will have a surcharge of 5%. In...

Alcoholic beverages will pay additional tariff of 25% since March 11

Alcoholic beverages face this 2015 a second government measure that will further increase its selling price to the consumer. Through a tax reform changed the formula for payment of the Special Consumption Tax (ICE) for this year. The new formula, according to the distiller sector...

Government will apply safeguards for 2800 import products

Minister of Foreign Trade Diego Aulestia reported on Frida March 6 that the government will apply safeguards to 2800 products. This measure will take effect on March 11 and it will have a lasting of 15 months. A surtax of 5% will apply to capital goods and non-essential raw...

Preliminary list for general safeguard application is ready

Minister of Industries Ramiro Gonzalez said yesterday that the preliminary list of products on which the safeguard will be applied by balance of payments would be completed. Authorities of the production Front and President Rafael Correa said that in late February multilateral...

Ecuador raised $ 14.1 million in safeguard for Colombia and Peru

The exchange safeguard that Ecuador imposed to the imports from Colombia and Peru left $ 14.1 million in revenues in its first month of application. This corrective measure was established as a response to the devaluation of their currencies. For Colombia a safeguard of 21% was...

It is five days left for the safeguard measure proposed by Ecuador to be authorized or not

Before Saturday, January 7, the General Secretariat of the Andean Community (CAN) will issue its final decision on the request of Ecuador, regarding the establishment of safeguards by currency devaluation. The date shown was marked in a statement of the same Andean organization,...

The CAN denies authorization of safeguard measure in Ecuador

The Secretariat of the Andean Community issued on January 26 a statement that says: “Before untrue reports that have circulated this afternoon in some media, in the sense that this General Secretariat issued its pronouncement regarding the request of the Republic of Ecuador...
12