Colombia Responds to Noboa with Tariffs of up to 75% on Products from Ecuador
The Minister of Commerce, Diana Morales, announced the implementation of a new tariff scheme for 191 products from Ecuador, which will be applied according to the level of national production and internal supply.
TL;DR
- Colombia has imposed tariffs of 35%, 50%, and 75% on 191 products from Ecuador.
- These tariffs apply to imported goods that are also produced in Colombia with sufficient national production capacity.
- The measure aims to protect domestic industry and ensure internal supply.
- Essential production inputs and raw materials without immediate Colombian substitutes will retain a zero tariff.
- The tariffs are a response to Ecuador's 'security tax' on Colombian products and will remain in effect as long as that tax is active.
- During the first two months of the year, Colombia exported non-mining-energy goods worth US$219.9 million to Ecuador.