ANNOUNCEMENT 11 Jun 2012In June 2012, the government of Ecuador announced a change in import duties.
NUMBER OF INTERVENTIONS
Resolution No. 64 of 2012 (in Spanish),
On 11 June 2012, Ecuador's Trade Committee (Comité de Comerico Exterior COMEX) adopted Resolution No. 64 introducing incremental import tariffs on completely knocked-down (CKD) parts for radios, motor bicycles, televisions, cellular phones and DVD players. The incremental import tariff is negatively correlated to local content requirements: The higher the rate of local content, the lower the import tariff and vice versa. This measure entered into force on 22 June 2012.