Ecuadorian government puts shoe tariffs up to 45% - footwearbiz: Leadi

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Ecuadorian government puts shoe tariffs up to 45%

11/03/2015
The government in Ecuador has increased the tariff on footwear imports into the South American country to 45%, saying it wants to promote domestic production and preserve jobs. The higher tariffs, which also apply in varying degrees to imports of white goods, textiles, perfume, building materials and school equipment, came into effect on March 11.

However, an economist, Juan Fernando Carpio, was quoted in one newspaper as saying the new measures were bad news for consumers and good news for smugglers. He said illicit operators in places such as Huaquillas on the border with Peru and Tulcán on the Colombian border would now find it easier to secure buyers for goods they bring in from outside Ecuador without paying the tariffs.

“The smugglers gangs in Huaquillas and Tulcán must be having a party,” Mr Carpio said. “They must be popping champagne corks.”


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