Stable with slight increase of 2% compared to 2021
Special Rates
Preferential Rate
0%
Applicable under the United States-Ecuador Trade Agreement for qualifying goods meeting rules of origin criteria.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Increases Import Quotas for Ecuadorian Steel Billets
The United States has announced an increase in import quotas for steel billets of uniform circular cross-section (HS Code: 7207.11.00) from Ecuador, aiming to meet domestic demand in construction and manufacturing sectors.
2023-10-15
Impact: This adjustment is expected to boost Ecuadorian exports to the U.S., strengthening bilateral trade ties and supporting Ecuador's steel industry.
Ecuador and U.S. Negotiate Trade Agreement on Steel Products
Recent talks between U.S. and Ecuadorian trade officials focused on reducing barriers for steel billet exports (HS Code: 7207.11.00), with an emphasis on fair pricing and quality standards.
2023-09-22
Impact: If finalized, the agreement could lead to a more stable supply chain for U.S. manufacturers and increased revenue for Ecuadorian producers.
U.S. Imposes Temporary Tariff on Ecuadorian Steel Billets
The U.S. Department of Commerce introduced a temporary tariff on steel billets (HS Code: 7207.11.00) from Ecuador due to concerns over market dumping practices.
2023-08-05
Impact: This tariff may reduce the competitiveness of Ecuadorian steel in the U.S. market, potentially decreasing export volumes in the short term.
Policy Updates
U.S. Updates Import Regulations for Steel Billets
The U.S. International Trade Commission revised import regulations for steel products under HS Code 7207.11.00, requiring stricter documentation and origin certification for shipments from Ecuador.
Date: 2023-10-01
Ecuador Introduces Export Incentives for Steel Industry
Ecuador's government rolled out new tax incentives for steel billet exporters to the U.S., aiming to offset potential losses from tariffs and enhance global competitiveness under HS Code 7207.11.00.
