Safeguards for consumer goods could decrease
cuador would reduce safeguards for consumer goods between 45% to 40% in January 2016, reported the Ecuadorian American Chamber of Commerce on Twitter taking as reference information from the World Trade Organization (WTO).
According to the latter body, divergences among WTO members regarding the import surcharge due to the balance of payments imposed by Ecuador persist. This measure is in force since last March and the authorities announced they it would last for 15 months.
The Ministry of Foreign Trade said in a press release that the delegation of Ecuador submitted to the WTO committee a macroeconomic assessment of the country in that meeting, in addition to a report on the results of the application of the measure and “a tentative timetable to dismantle it during 2016,” he did not specify dates.





