Posted On 08 Sep 2017
The Director of the National Customs Service of Ecuador (Senae) reported that the Sixth Amendment of the World Trade Organization has been in force since September 1st. This means a change to 1,325 items or 16% of the total.
With the adjustment, low-trade items, such as typewriters, are eliminated from the list, while others are added due to the latest commercial trends and innovation. Non-alcoholic beer is an example of the first case and plug-in electric cars of the second.
This does not imply a change in the current tariff rates currently, but it makes the international trade “transparent,” Andino explained. (I)