Ecuador Establishes Safeguards for Domestic Industry

Ecuador Establishes Safeguards for Domestic Industry

In the face of the low international price of oil and appreciation of the U.S. dollar, Ecuador has put forward a temporary safeguard measure to protect national industry and balance the economy. Approved by the World Trade Organization, 2,800 selected imported goods will experience a 5 to 25 percent tariff surcharge over a 15 month period, encouraging consumers to purchase national products.


User: teleSUR English

Views: 16

Uploaded: 2015-04-09

Duration: 02:40