Payment of tariffs for 160 products from Colombia and Peru will be returned and measure will be excluded

The National Customs Service of Ecuador (Senae for its Spanish acronym) reported on January 28 that the Committee of Foreign Trade (Comex) decided to exclude from the collection of the corrective measure (safeguard) to 160 tariff subheadings. The measure allows to products...

Tariffs affects stores and importers of technological equipments

Sales stores and importers of technological equipments and their parts and pieces already feel the impact of tariff changes that govern since last week. This is because the Committee of Foreign Trade (Comex) raised the tariffs on goods that are importedby 588 subheadings,...

Correa announced an increase in tariffs for Andean partners

The Ecuadorian government will increase tariffs on products coming from Colombia and Peru in similar percentages to the devaluations of their currencies. This measure, the President said, is because Ecuador due to dollarization, can not adjust the exchange rate to counter...

Parts of induction cookers will not pay tariffs

Parts of imported induction cookers will pay zero tariffs. This measure is only for the assembly plants that are registered in the Ministry of Industry and Productivity (MIPRO). This group of companies are supporting the change from using gas to consume electricity for food...

Commercial and industrial sectors are concerned about increase in electricity cost

The commercial and industrial sectors expect a loss of competitiveness due to higher electricity costs announced and approved last week by the National Electricity Council (Conelec). The $ 0.02 increase in the electricity tariff in these areas is part of the plan to reduce the...

Kilowatt per hour cost is increased

The National Electricity Council (Conelec) said in a statement that the kilowatt hour was increased by 1 cent for the residential sector and 2 for the commercial and industrial. This increase goes into effect from May consumptions that will be invoiced in June 2014 and is part of...