to Import from Ecuador
goods and services from foreign suppliers is now commonplace.
Companies generally import for the following reasons: 1)They
can obtain materials and products for less than they can
domestically; 2)The foreign goods are of a higher quality;
and/or 3)The foreign goods are not available domestically.
procedures for importing from Ecuador depend largely upon
the country to which imports are directed. Since the U.S.
is the primary market for Ecuadorian exports and the largest
supplier of Ecuadorian imports - in 2000, the U.S. purchased
USD 2.21 billion of Ecuadorian exports and Ecuador imported
USD 1.03 billion of goods and services from the U.S. - we
will use importing to the U.S. as our example. While U.S.
import procedures and requirements should provide a good
model for judging situations in other countries, companies
planning to import to non-U.S. countries should investigate
the procedures and regulations in their particular market.
more information regarding importing from Ecuador, please
see the following links:
Trade Preference Act