Chile-Ecuador Commercial Integration Agreement

Country / jurisdiction: Ecuador · Year: 2022 · Status: In force · Level: National · Type: Voluntary

The  Commercial Integration Agreement between Chile and Ecuador entered into force in 2022. The agreement provides for partial or total elimination of import tariffs, including for :

Electric motors, turbines and generators;

Mechanical equipment including pumps, appliances, and other advanced machinery;

Electric accumulators, transformers, capacitors, batteries;

Motor vehicles;

Mineral ore, slag and ash;

Mineral fuels, oils and other products;

Metals and their articles e.g. iron and steel;

Semiconductors devices and photovoltaic cells;

Rules of origin delineated in the Agreement include provisions preventing goods only undergoing minimal transformations in one of the signatory countries or incorporating materials of external origin valued above 40% of the transaction value of the good to benefit from the tariff treatment established by the Agreement.

Official source: https://www.subrei.gob.cl/acuerdos-comerciales/acuerdos-comerciales-vigentes/ecuador