A new bilateral trade agreement between the United States and Ecuador has reduced tariffs on industrial equipment, including generators with an output exceeding 375 kVA (HS Code: 850164). US exports to Ecuador saw a 12% increase in the third quarter of 2023.
2023-10-15
Impact: Positive impact on US exporters due to reduced tariffs, increasing demand for high-capacity generators in Ecuador's growing industrial sector.
Ecuador Increases Demand for US-Made Power Generators
Ecuador's infrastructure development projects have driven a surge in imports of US-made generators exceeding 375 kVA. Trade data shows a 15% year-on-year increase in shipments under HS Code 850164.
2023-09-05
Impact: Significant growth in trade volume, benefiting US manufacturers and strengthening trade ties with Ecuador.
Supply Chain Delays Affect US Generator Exports to Ecuador
Global supply chain disruptions have delayed shipments of high-capacity generators (HS Code: 850164) from the US to Ecuador, impacting delivery timelines for key energy projects in Ecuador.
2023-08-20
Impact: Negative short-term impact on trade flow, with potential delays in Ecuadorian projects reliant on US equipment.
Policy Updates
US-Ecuador Trade Partnership Agreement Update
The US and Ecuador updated their trade partnership agreement to include preferential tariff rates for electrical machinery, specifically targeting generators with an output exceeding 375 kVA (HS Code: 850164). This aims to facilitate smoother trade and investment in energy infrastructure.
Date: 2023-10-01
Ecuador Revises Import Duties on Industrial Equipment
Ecuador announced a revision of import duties on industrial equipment, lowering tariffs by 5% on high-capacity generators (HS Code: 850164) to support local energy projects. This policy directly benefits US exporters.
