The government of Ecuador is working to define measures to replace the duties applied to Colombia and Peru for imported products since January 5, 2015, which are expected to be removed in the last week of February 2015.
According to Richard Espinosa, Minister of Production of Ecuador, the measures, whether tariff or non-tariff, will change how duties are applied both bilaterally and multilaterally and could take effect in late February.
These measures, as Genaro Baldeon, Deputy Negotiations, Integration and Trade Protection of the Ministry of Foreign Trade of Ecuador has stated, will be applied to all countries, whether or not belonging to the World Trade Organization (WTO) ,and are addressed to all imports, with possible differentiation by type of products.
This has been excerpted from the 25 February 2015 issue of IntegrationPoint.com.