economy
May 5, 2026
Ecuador lowers tariff on Colombian products: goes from 100% to 75% amid crisis
Portafolio Journalist 05.04.2026 16:36 Updated: 05.04.2026 17:21
TL;DR
- Ecuador reduced its import security rate on Colombian goods from 100% to 75%.
- The measure aims to enhance bilateral security cooperation and border development.
- The tariff escalation began in January with a 30% rate, citing Colombia's insufficient actions against illicit activities.
- Colombia responded with measures including suspending electrical interconnection and closing land borders to certain Ecuadorian products.
- The trade dispute has caused economic hardship in border towns like Tulcán and Ipiales.
- Underlying political tensions between the presidents of Ecuador and Colombia have complicated diplomatic relations.