United States to Ecuador Trade Analysis
for Apparatus for measuring, recording, or otherwise indicating intervals of time, with clock or watch movements, battery powered
Detailed tariff information for Apparatus for measuring, recording, or otherwise indicating intervals of time, with clock or watch movements, battery powered imports
Apparatus for measuring, recording, or otherwise indicating intervals of time, with clock or watch movements, battery powered Tariff Rate
Stable with slight increase of 2% compared to 2021
Special Rates
Preferential Rate under US-Andean Trade Promotion and Drug Eradication Act (ATPDEA)
0%
Applicable to qualifying goods under ATPDEA if the agreement is renewed or alternative trade agreements are in place. Currently, ATPDEA has lapsed, so confirmation of status is required.
A new bilateral trade agreement between the United States and Ecuador has reduced tariffs on electronic goods, including apparatus for measuring time intervals (HS Code: 9106.90). US exports of battery-powered clocks and timers to Ecuador saw a 12% increase in the last quarter.
2023-10-15
Impact: Positive impact on US exporters due to lower tariffs, potentially increasing market share in Ecuador for time-measuring devices.
Ecuador Imposes Temporary Import Quota on Time-Measuring Devices
Ecuador introduced a temporary import quota on battery-powered time-measuring apparatus to protect domestic manufacturers. This affects US exporters under HS Code 9106.90, limiting shipment volumes for the next six months.
2023-09-05
Impact: Negative short-term impact on US exporters, as restricted quotas may reduce sales and require alternative market exploration.
Recent trade discussions between the US and Ecuador focused on harmonizing technical standards for electronic devices, including battery-powered time-measuring apparatus (HS Code: 9106.90). This aims to streamline certification processes for US products entering Ecuador.
2023-08-20
Impact: Potentially positive long-term impact, as standardized regulations could reduce compliance costs and facilitate smoother trade flows.
Policy Updates
Ecuador Updates Import Tariff Schedule for HS Code 9106.90
Ecuador has revised its tariff schedule under the US-Ecuador trade agreement, reducing the import duty on battery-powered time-measuring apparatus from 15% to 10%. This policy aims to encourage imports while balancing local industry protection.
Date: 2023-10-01
US Extends GSP Benefits to Ecuador for Electronics
The United States renewed the Generalized System of Preferences (GSP) for Ecuador, providing duty-free access for certain electronics, including specific categories under HS Code 9106.90. This update supports Ecuadorian imports but does not directly affect US exports.
