Consumers feel the effect of safeguard measures
Posted On 29 Mar 2015
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 the state budget would also be the cause of the entry into force of these measures, which seek to prevent the outflow of $ 2,200 million for 15 months.
Traders of Guayaquil markets indicate that prices of imported fruit have risen by 30%, reaching in many cases the same costs of domestic products. These same traders will continue importing because in this case the sale of Chilean apples is their main source of income.