Ecuador: Imported Liquor among the highest priced in Latin America, sales plummet

JUNE, 2016 AFP/prensalibreWho runs the liquor store in northern Quito Eddy Castillo, president of the Association of Liquor distributors in Ecuador, is very well stocked, but what is missing is customers. High taxes and tariffs gradually implemented by the Ecuadorian government have soared by up to 400% the price of imported liquor, making it the most expensive in Latin America. “Sales are down 70% or 80% between importers and distributors. It is very hard to hold as a business, keep jobs,” he told AFP.
According to the union, the import of distillates fell by 67% between 2010 and 2015, and in the case of whiskey the country went to buy 263 thousand a year to 47 thousand boxes.

THINKING OF LIVING IN ECUADOR – THIS IS A BOOK YOU SHOULD READ

The price of imported liquor and to a lesser extent the national began to skyrocket in the dollarized Ecuador from 2009, when the government of Rafael Correa went Tax Special Consumption (ICE), and over the years were adding new tariffs, tributes by alcoholic strength and other fees. Read Article