ANNOUNCEMENT 05 Jan 2015In January 2015, the government of Ecuador announced a change in import duties.
NUMBER OF INTERVENTIONS
Reuters (2015) Ecuador imposes tariffs on imports from Colombia, Peru http://www.reuters.com/article/2015/01/07/ecuador-tariffs-idUSL1N0UL1VA20150107#qZK4ocw9q3wCIj7r.97.
El Espectator (2015). Ecuador rechaza resoluci?n de la CAN contra aranceles a Colombia y Per?. http://www.elespectador.com/noticias/economia/ecuador-rechaza-resolucion-de-can-contra-aranceles-colo-articulo-542881
FAO (2015) http://www.fao.org/economic/est/est-commodities/commodity-policy-archive/detail/en/c/548418/
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.