ANNOUNCED AS TEMPORARYYes
On June 11, 2012, the Foreign Trade Committee of the Ecuadorian Government issued Resolution 65 allowing a reduction in the import tariffs on vehicle assembly kits depending on the amount of locally-produced components that were t be integrated to the assembly kits. The applicable import tariffs ranged from 4.38% to 35%, depending on the percentage of the assembled auto parts made up of Ecuadorian products considering 5% the least and 20% the maximum percentages that apply for the tariff discount.
This State act was to be abolished on December 31, 2014.
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