Applicable under the U.S.-Ecuador Trade Agreement for qualifying goods with proper documentation (Certificate of Origin).
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Last updated: 1 year ago
News and Updates
Recent News
US-Ecuador Trade Agreement Boosts Steel Imports
A recent trade agreement between the United States and Ecuador has facilitated increased imports of steel products, including those under HS Code for thickness exceeding 0.25 mm but not exceeding 1.25 mm, with reduced tariffs.
2023-10-15
Impact: This agreement is expected to increase the volume of steel trade, benefiting Ecuadorian exporters and providing US manufacturers with cost-effective raw materials.
Ecuadorian Steel Sector Sees Growth in US Market
Ecuadorian steel producers reported a 15% increase in exports of specific steel sheets (thickness 0.25 mm to 1.25 mm) to the US, driven by rising demand in the construction sector.
2023-09-20
Impact: Strengthens bilateral trade ties and supports Ecuador's steel industry, while meeting US demand for specialized steel products.
US Imposes Temporary Quota on Steel Imports from Ecuador
The US introduced a temporary quota on certain steel imports from Ecuador, including products under the specified HS Code, to protect domestic producers amid market fluctuations.
2023-08-05
Impact: This quota may limit Ecuadorian steel exports in the short term, potentially increasing costs for US buyers reliant on these imports.
Policy Updates
US-Ecuador Trade Partnership Protocol
A new protocol under the US-Ecuador Trade Partnership Agreement reduces tariffs by 5% on steel products with thickness between 0.25 mm and 1.25 mm, aiming to enhance trade flows and mutual economic benefits.
Date: 2023-10-01
US Steel Import Monitoring Adjustment
The US Department of Commerce updated its steel import monitoring system, requiring detailed reporting for imports under specific HS Codes, including those for steel sheets of thickness 0.25 mm to 1.25 mm, to ensure compliance with trade regulations.
