ECUADOR CONFIRMS FINAL REMOVAL OF IMPORT SURCHARGES IMPOSED 2015

Posted on: 27/07/2017

WTO members welcomed Ecuador’s announcement that it has completely removed import surcharges imposed in 2015 to address the country’s deteriorating balance of payments situation. Ecuador told a meeting of the WTO’s Committee on Balance-of-Payments Restrictions on 21 July 2017 that the final phase-out of the surcharges was made effective on 1 June 2017.

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