A new trade agreement between the United States and Ecuador has reduced tariffs on uncoated felt paper and paperboard (HS 4805.50), leading to a 15% increase in US exports to Ecuador in the last quarter.
2023-10-15
Impact: Positive impact on US exporters due to lower tariffs, increasing market access and competitiveness in Ecuador.
Ecuador Increases Demand for US Uncoated Paperboard
Ecuador's growing packaging industry has driven a surge in demand for uncoated felt paper and paperboard from the US, with imports rising by 10% year-over-year.
2023-09-20
Impact: Increased demand strengthens US export volumes, benefiting producers of HS 4805.50 products.
Global shipping delays have temporarily impacted the delivery of uncoated felt paper and paperboard from the US to Ecuador, causing a backlog at key ports.
2023-08-05
Impact: Negative short-term impact on trade flow, with potential delays in fulfilling orders and increased costs for US exporters.
Policy Updates
US-Ecuador Tariff Reduction on Paperboard Products
Under the renewed US-Ecuador trade protocol, tariffs on uncoated felt paper and paperboard (HS 4805.50) have been reduced by 5%, effective immediately, to encourage bilateral trade.
Date: 2023-10-01
Ecuador Updates Import Regulations for Paper Products
Ecuador has introduced new quality control standards for imported uncoated felt paper and paperboard, requiring additional certification from US exporters to ensure compliance.
