Nariño Governorate asks for a new economic emergency to be declared due to the tariff war with Ecuador
Four days after tariffs on Colombian imports increased from 30% to 50% in Ecuador, the situation among border traders is critical.
TL;DR
- Ecuador increased tariffs on Colombian imports from 30% to 50%, causing a critical situation for border traders.
- Commercial movement on the Colombo-Ecuadorian border has dropped to 10%, with 2,000 jobs at risk.
- Daily losses in the commerce sector in border cities are estimated at 2 billion pesos.
- The Nariño Governorate requested the declaration of a new economic emergency and preferential treatment for border zones, including tax relief and financial aid.
- A binational meeting was held, attended by trade guilds and the governors of Nariño and Carchi, to discuss the tariff dispute.