economy
May 8, 2026
Andean Community gives Colombia and Ecuador 10 days to remove tariffs
The Andean Community (CAN) has given Colombia and Ecuador ten business days to remove tariffs of up to 100% that have been applied within the trade war they have been involved in since February, determining that they violate the Cartagena Agreement.
TL;DR
- The Andean Community (CAN) has given Colombia and Ecuador ten business days to remove tariffs and other trade restrictions.
- CAN determined that the tariffs, which reached up to 100%, violate the Cartagena Agreement.
- Ecuador initiated the trade war citing concerns over drug trafficking from Colombia.
- The CAN resolutions do not include other sanctions like electricity export suspension or increased oil transport fees.