ANNOUNCEMENT 05 Jan 2015

In January 2015, the government of Ecuador announced a change in import duties.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 05 Jan 2015 | Removal date: open ended
Still in force

Import tariff

According to numerous and consistent press reports, on 5 January 2015 the government of Ecuador introduced a temporary duty of 7 percent for imports originating from Peru and of 21 percent for imports originating from Colombia. This measure is announced as a tool for protecting Ecuador's dollarized economy against the devaluation of the Peruvian and Colombian currencies.