For 15 months the imported clothing will have a surtax of 45%

The imported garments will have a 45% tariff surcharge imposed by the government since this March 11. Also to the swimsuits and underwear will applied the 25% in this category. Even the inputs for local tailoring such as tissues, yarns and others, will have a surcharge of 5%.

In the list of surcharges, published by the Council of Foreign Trade (Comex), can be determined about 600 subheadings related with the textile area. This safeguard will last 15 months.

Felipe Ribadeneira, president of the Federation of Exporters (Fedexpor), described as “very hard safeguard measure”  taken by the Government on imports subheadings 2800. He considers that the measure is, however, legitimate and necessary because of the weakness of the balance of payments, by the fall of oil prices, the dollar appreciation and a series of payments that the government should do for Global bonds in 2015 .