Ecuador: a tariff surcharge came into force due to balance of payments problems

Ecuador

On 03/11/2015, a tariff surcharge came into effect due to balance of payments problems, with a duration of 15 months. It ranges between 5 and 45% ad valorem and affects a wide selection of products, highlighting consumer goods and non-essential raw materials. It is protected by Art. XVIII B of the GATT and will be subject to examination in the WTO.