Ecuador: Ecuador Extends Wheat Import Tariff Exemption until December 31, 2016

Ecuador’s Foreign Trade Committee (COMEX) Resolution 012-2015 (March 19, 2015), grants variable duty exemption that had been set at four percent to wheat, wheat semolina, and wheat flour imports from all origins. Wheat and wheat products benefitting from the resolution include harmonized tariff system (HS) codes 1001.19.00.00, 1001.99.10.00, 1101.00.00.00, and 1103.11.00.00. Previously, COMEX Resolution 004-2015 (February 3, 2015) granted relief just from the 10 percent ad-valorem tariff. The resolutions extend through December 31, 2016. FAS Quito estimates that U.S. exports of wheat to Ecuador in CY 2015 will reach $95 million.

Ecuador: Ecuador Extends Wheat Import Tariff Exemption until December 31, 2016