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Questions and Answers
What type of tariff is calculated as a percentage of the product's value?
What type of tariff is calculated as a percentage of the product's value?
- Ad Valorem tariff (correct)
- Specific tariff
- Luxury goods tariff
- Preferential tariff
In Ecuador, what is the Ad Valorem tariff rate on imported vehicles?
In Ecuador, what is the Ad Valorem tariff rate on imported vehicles?
- 25%
- 35% (correct)
- 30%
- 20%
Which type of tariff is applied to specific goods or services?
Which type of tariff is applied to specific goods or services?
- Ad Valorem tariff
- Luxury goods tariff
- Preferential tariff
- Specific tariff (correct)
What type of tariff is reduced or eliminated on certain imports with trade agreements?
What type of tariff is reduced or eliminated on certain imports with trade agreements?
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Which type of tariff is applied to luxury goods such as jewelry?
Which type of tariff is applied to luxury goods such as jewelry?
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