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Ecuador extended its tariff exemption for soybean meal and wheat imports from all origins for five years, effective January 1, 2020.
This report serves as a road map for U.S. companies exporting to Ecuador.
On December 23, 2016, Ecuador’s Foreign Trade Committee passed the extension of the current tariff and duty exemption for soybean meal imports from all origins (including the United States).
Ecuador’s Foreign Trade Committee (COMEX) resolved on November 26, 2014, to extend the current tariff and duty exemption for soybean meal imports from all origins (including the United States).
U.S. agricultural exports to Southeast Asia have experienced extremely rapid growth in recent years and, in FY 2014, they climbed to a record $11.5 billion – up 11 percent from FY 2013.
Although Ecuador maintains a number of anti-biotech laws and regulations, there is minimal enforcement, and trade in cotton and soybean products continues.