Ecuador: Vehicle, cellphone imports fall 44 percent

Importing cars cilindrajes between 1,500 and 3,000 cubic centimeters, the CKD (parts and pieces) of cars in the same category and phones were down from $ 110.36 million (43.91%) from June to September, compared to that period last year. All three belong to the list of most purchased goods abroad. Since January last year, the Government announced measures to reduce the importation of these products and try to reduce the deficit in non-oil trade. Were the first to execute import licenses. However, this changed in June when quotas were implemented to acquire these three types of goods. Read Article