IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: No inception date

Import tariff

On August 26 2009, the President of Ecuador, Rafael Correa, proposed "Economic Measures for Production and Employment". The measures included 

  1. The introduction of an import tariff of 12 percent on paper used by newspapers and magazines. (Previously this product exempted from import and value added taxes.)
  2. An increase in the currency outflow tax from 1 percent to 2 percent. In the face of increasing currency outflows (2008: USD 4.9 billion; 2009: USD 5.2 billion) the tax increase is to preserve liquidity in Ecuador.

These measures, and others, have been sent to the National Assembly for approval.
Both measures listed above will be discriminatory, if implemented: the first clearly alters the treatment of foreign commercial interests. The second measure affects the cost of paying for imports and of repatriating profits from foreign subsidaries located in Ecuador.
 
The Library Archive of the National Assembly does not report that the measure has ever been approved.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

321 Pulp, paper & paperboard
4801 Newsprint, in rolls or sheets.
480100 Newsprint, in rolls or sheets.

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