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3w ago

Colombia Matches Ecuador With 100% Tariffs as Andean Trade Rift Deepens

The standoff now tests Andean Community rules that bar tariffs between members.

Colombia impone aranceles del 100% como repuesta a Ecuador: "Hemos agotado todos los esfuerzos diplomáticos"
La medida se produce en un contexto de creciente tensión bilateral que excede lo estrictamente comercial y abarca diferencias políticas.
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Overview

  • Colombia raised import duties on Ecuadorian goods to 100% in a symmetric response to Quito’s plan to levy the same rate.
  • The government filed a case at the Andean Community, saying the tariffs violate the Cartagena Agreement that underpins free trade in the bloc.
  • CAN chief Gonzalo Gutiérrez urged both leaders to resume direct talks, warning that the measures threaten 57 years of regional integration.
  • Exporters report sharp strain as Colombian sales to Ecuador dropped to $19.3 million in February and Ecuadorian groups warn of thousands of job losses and losses near $500 million this year.
  • Politics fueled the rupture after Gustavo Petro labeled Jorge Glas a political prisoner and Ecuador recalled its ambassador, and Petro later said this means the end of the Andean Pact for Colombia with a pivot toward Mercosur.