Akin Gump Strauss Hauer & Feld LLP (JD Supra Ecuador)

On March 6, 2015, Ecuador announced that it is imposing a balance of payments safeguard consisting of import tariffs between 5 and 45 percent on approximately 32 percent of products. The safeguard measure becomes effective on March 11, 2015, and will remain in place for 15 months, after which it will gradually be phased out.