Ecuador increases its tariffs on Colombia to 50% for 'not doing enough in the anti-drug fight'
The 30% tariff makes Colombian products more expensive and accelerates the search for new suppliers in Ecuador. Photo: EFE
TL;DR
- Ecuador will raise import tariffs on Colombian goods from 30% to 50% starting March 1st.
- The decision is based on Ecuador's view that Colombia has not taken 'concrete and effective' measures against organized crime on their shared border.
- This action escalates an ongoing trade dispute initiated by Ecuador's President Daniel Noboa.
- Ecuador has 'cut off dialogue' with Colombia over border control and security issues.
- Previous discussions between foreign ministers and security ministers in Quito did not result in a concrete agreement.
- The trade dispute has affected energy cooperation and crude oil transport, with Colombia suspending electricity sales and Ecuador increasing crude transport tariffs.
- Ecuador's demands include Colombia eradicating coca crops and illegal mining, and lifting the suspension of electricity sales.
- Colombia has requested Ecuador remove its tariffs.