• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
International banks project that Ecuador will grow between 4 and 4.5% in 2022
Ecuador surpasses Colombia and Peru in GDP growth, generated by the agreement with the European Union, according to the Bloc’s counselor
6% of Ecuadorians over 15 years of age do not know how to read or write
The gross profit reached $77.8 million, in the first quarter of 2022, of Banco del Pacífico, which “will be sold in a few weeks”
Updating the limits of the Brotherhood Marine Reserve was published in the Official Registry
Ecuador approves goals and IMF will transfer USD 1,700 million this year
52 Ecuadorian entrepreneurs land in Israel, cradle of innovation
Ecuadorian textile companies take advantage of the global logistics crisis
Singue case: Appeal is defined with an eye on Jorge Glas
The Minister of Agriculture and Livestock, Bernardo Manzano, begins meetings with the banana growers of Ecuador

Ecuador, in a silent commercial fight with other nations

Posted On 11 Oct 2017

Ecuadornews:

 

 

If other countries in the region do not facilitate the entry of Ecuadorian products into their markets, Ecuador traces a plan to do something similar. That is summarized into the punishment the country has begun to apply to 38 tariff subheadings of products that come from Colombia and Brazil. And although entrepreneurs understand the measure, they do not share the way in which it is applied. They complain about the obstacles this generates in their daily activity and warn about a possible price increase of the imported product.

The measure implies that these products, once they have entered Customs, begin to be qualified with more rigorous parameters that prove their origin. And that, until that happens, the importers are obliged to cancel a guarantee for the payment of tariffs that, in case of irregularity, have to be taxed to these articles.

Gabriela Uquillas, an expert on customs issues and business adviser, explains that both measures are legally justified by the restrictions  Colombia has been applying for years to certain Ecuadorian products such as rice; and Brazil to Ecuadorian banana and shrimp. However, importers question the measure and the economic effects. (I)

 

 

 

 

Source: http://www.expreso.ec/economia/ecuador-en-una-silente-pelea-comercial-con-otras-naciones-YJ1759551

About the Author
  • google-share
Previous Story

Prosecutors inquire whether Chinese firms paid bribes

Next Story

Economic measures: changes in taxes and labor contracts

SEARCH

LATEST NEWS

International banks project that Ecuador will grow between 4 and 4.5% in 2022

Posted On 13 May 2022

Ecuador surpasses Colombia and Peru in GDP growth, generated by the agreement with the European Union, according to the Bloc's counselor

Posted On 13 May 2022

6% of Ecuadorians over 15 years of age do not know how to read or write

Posted On 12 May 2022
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net