It would take longer for European products to eliminate its tariffs to enter Ecuador

Image: Expreso

Ecuadorian exports will lose their tariff preferences later this year or in early 2017. This will also be the moment when the clock that determines the release time of the godos that will keep tariffs for a while will start running. In both sides.

European products are the ones that should be more concerned because, unlike Ecuadorian products, is it more common that this process takes a few years and the tariff exemption is not applied during the first year of entry into force.

And this affects the machinery and industrial inputs, but also consumer products and medicines, which are common in the containers entering the country from the EU.

Source: http://expreso.ec/economia/los-productos-europeos-tardaran-mas-en-eliminar-sus-aranceles-para-entrar-en-ecuador-LA244814