AreaEcuador

Commodity GroupRice

CommodityAll

Date29/12/2014

Policy CategoryTrade

Policy InstrumentImport levies, safeguard measures

DescriptionDecided to impose a temporary duty of 7 percent for goods originated in Peru and of 21 percent for imports from Colombia. The measure seeks to mitigate the impact of a devaluation in the Peruvian and Colombian currencies on Ecuador's dollarized economy and will be effective starting on 5 January 2015.