Ecuadorian exporters call for dialogue with Colombia to reduce tariff impact

TL;DR

Fedexpor urges the Ecuadorian government to resume dialogue with Colombia to suspend 30% tariffs on 73 Ecuadorian products.
The tariffs were imposed by Colombia in response to Ecuador's 30% 'security tax' on Colombian products.
The measure affects agricultural, food, and industrial products, representing approximately one-third of Ecuador's weekly exports to Colombia.
Colombia has also reportedly banned the terrestrial entry of certain products like rice, shrimp, and bananas.
Ecuadorian exporters are experiencing suspended orders and risk financial distress due to the impact on their sales to Colombia, a key market for many.
Fedexpor suggests prioritizing bilateral dialogue over slower Andean Community processes to address the issue.
Colombia and Ecuador are significant trade partners, with a historical exchange around $2.8 billion annually.

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