China - Ecuador Free Trade Agreement

The China - Ecuador Free Trade Agreement entered into force in May 2024. 

It provides for the reduction and/or elimination of import tariffs for most Chinese products, including: 

• plastic products, 
• chemical fibers, 
• steel products, 
• machinery and equipment, 
• electrical equipment, 
• furniture decoration, 
• automobiles and related parts 

Import tariffs are also eliminated for Chilean exports to China, including

• Nickel oxides and hydroxides
• Electrical apparatus; photosensitive semiconductor devices, photovoltaic cells not assembled in modules or made up into panels
• Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702)

Rules of origin apply. Goods are counted as originating from each country and thus benefitting from preferential tariff treatment if:

• wholly produced or obtained in the country;
• having a regional value content (RVC) over a specific requirement; 
• meeting specific standards as defined in the Agreement, which mainly covers changes in HS codes.

Want to know more about this policy ? Learn more