Overview of Ecuador's Customs Policy
Summary:As an important country on the west coast of South America, Ecuador's customs policy has a direct impact on import and export trade. Understanding and complying with local customs regulations is an important prerequisite for ensuring smooth customs clearance of goods.
Main features of Ecuador's customs policy
Tariff protection: The Ecuadorian government protects domestic industries by
imposing tariffs, so import tariffs are relatively high.
Rules of origin: In order to enjoy preferential tariff treatment, imported
goods need to provide a valid certificate of origin.
Technical regulations: Ecuador has strict regulations on the technical
standards and quality requirements of imported goods, which must meet the relevant standards.
Import license: The import of certain goods may require an import license.
Foreign exchange control: Ecuador's foreign exchange control policy may affect your import and export business.
Factors affecting Ecuador's customs policy
China-Ecuador Free Trade Agreement: China and Ecuador have signed a free trade
agreement, which means that the trade in goods between the two countries will enjoy more tariff
preferences.
Andean Community: As a member of the Andean Community, Ecuador is affected by
the community's regulations in its trade policy.
International trade rules: As a member of the World Trade Organization, Ecuador needs to abide by international trade rules.