A general surcharge of 8 to 10%, under study

With a trade deficit of 4.400 million between January and October in the non-oil balance -despite it is lower than in previous years- and an oil price that continues to break record lows, the government is seeking ways to reduce the impact of imports and foreign exchange outflow.

If the exchange rate, that began to take center stage late last year and continues in the lips of Minister of Foreign Trade Diego Aulestia did not persuade the import sector, the alternative of imposing a general safeguard between 8 and 10 % in addition to the existing tariffs, is not welcomed.

Respondent productive sectors see it as a restriction on trade that distorts the scenario according to their comments. However, they also recognize that the reduction of the percentage compared to the safeguards in force since last year would be a relief.

Source: http://expreso.ec/expreso/plantillas/nota.aspx?idart=8809032&idcat=38269&tipo=2