For Ecuador, an extension of tariff preferences in exports to Europe

In 2014, Ecuadoran exports to Europe totalled almost 3.3 billion dollars, and Ecuador has enjoyed preferential tax treatment. By extending these tariff preferences to Ecuador through the next year, exporters will save almost 600 million dollars in taxes. Francisco Rivadeneira, the Foreign Trade Minister, announced the continuation of the preferential treatment with the European market, which had been set to expire at the end of the year. teleSUR.