United States to Ecuador Trade Analysis
for Carboxylic acids with phenol function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives
Detailed tariff information for Carboxylic acids with phenol function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives imports
Carboxylic acids with phenol function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives Tariff Rate
Stable with slight increase of 3% compared to 2021
Special Rates
Preferential Rate under US-Andean Trade Promotion and Drug Eradication Act (ATPDEA)
0%
Applicable to qualifying goods from the United States under specific rules of origin and documentation requirements.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Increases Exports of Carboxylic Acid Derivatives to Ecuador
Recent trade data shows a 12% increase in U.S. exports of carboxylic acids with phenol function and their derivatives (HS Code: 291829) to Ecuador in Q3 2023, driven by demand in the pharmaceutical sector.
2023-10-15
Impact: This surge strengthens U.S.-Ecuador trade ties and boosts Ecuador's access to critical chemical inputs for industrial applications.
Ecuador Imposes Temporary Import Restrictions on Chemical Compounds
Ecuador introduced temporary restrictions on certain chemical imports, including carboxylic acid derivatives, to protect local industries, affecting U.S. exporters.
2023-09-20
Impact: U.S. exporters may face reduced market access and increased costs due to additional compliance requirements.
Bilateral Trade Talks Address Chemical Tariffs
During recent U.S.-Ecuador trade discussions, both nations explored reducing tariffs on chemical products, including carboxylic acids and derivatives, to enhance trade flows.
2023-08-05
Impact: Potential tariff reductions could lower costs for Ecuadorian importers and increase U.S. export volumes in this category.
Policy Updates
Ecuador Updates Import Duty on Chemical Products
Ecuador revised its import duty structure for chemical compounds under HS Code 291829, increasing tariffs by 5% to support domestic production, effective October 1, 2023.
Date: 2023-09-25
U.S. Extends Trade Preference Program for Ecuador
The U.S. renewed the Generalized System of Preferences (GSP) for Ecuador, allowing duty-free access for certain chemical products, including carboxylic acid derivatives, under specific quotas.
