Ecuador implements largest tariff reform in 12 years

The country already had a reform of this type in 2013 on safeguards issues, then another in 2019 to reduce tariffs on some 250 subheadings, and another in 2020 of 128 subheadings, and a smaller one last May.

RIO DE JANEIRO, BRAZIL - Ecuador hopes to boost productivity with the recent decision to reduce tariffs in several sectors, in a reform adopted by the center-right government that came into effect on Sunday.

This was stated by the Vice Minister of Production and Industries, Carla Muirragui, during a breakfast meeting with business people of the Official Spanish Chamber of Commerce and Industry of Quito. She assured that tariffs worth 180 million dollars had been eliminated.

It is, he said, "the largest tariff reform" that Ecuador has had in the last "about 12 years", and which addresses issues that were . . .

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