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BREAKING NEWS
Cristian Espinosa was appointed Ambassador of Ecuador to the United States
Daniel Noboa receives the credentials of the new United States ambassador
40,000 women will receive scholarships in higher education
Julian Assange released from prison, after agreement with the United States
Armed Forces: Criminal gangs have lost USD 1.2 billion due to military operations in Ecuador
Minister of Defense: “It is not fair that some risk their lives, while others play with justice”
How can green banana flour enhance baked goods?
“I’m crazy for wanting to serve my country,” says Daniel Noboa at the presentation of “La Cárcel del Encuentro” in Santa Elena
Construction of the Encuentro maximum-security prison in Santa Elena begins
National blackout in Ecuador due to transmission line failure, confirms the Government

Andean Preference Trade Act Expires Tomorrow

Posted On 11 Feb 2011

Exporters of Ecuador could hold a few months without the U.S. preferential rates given to the country, but some companies would need government support, said Bernardo Perez, chairman of the Ecuadorian Federation of Exporters (FEDEXPOR).

The Andean Preference Trade Act (ATPDEA) expires tomorrow and if the U.S. Congress does not renew it until that day, customs duties will be immediately apply to hundreds of Ecuadorian products that now enter duty-free to the U.S.
“If it is a short-term impact, exporters are going to resist,” said Perez.

However, some companies have problems with less cash, so they would need loans from the Government of Ecuador, in his opinion.

These credits should be designed not to break the rules of the World Trade Organization (WTO), which penalizes the export subsidies.

Source: Daily hoy

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