The President explained that safeguards affect 7% of the market
President Rafael Correa, in his weekly address, made a calculation that concluded that safeguards are focused on products that represented 7% of trade over the past year.
The President noted that during 2014 the sale of products in the domestic market was a total of $ 128,000 million, of which 22% ($ 28,000 million) corresponded to imported goods. In addition, the 2,800 products whose price was increased represent 32% of sales of imports and 7% of total trade, which would be about $ 9,000 million.
Correa noted that the measure would be a “paquetazo,” since the products that were imposed an additional fee of between 5% and 45% are not for mass consumption.
“I assure you that none of you consume imported meat,” he told the people of Puyo, where the weekly address was carried out.