Ecuador doubles tariffs on Colombian goods to 100 percent
Ecuador will raise tariffs on Colombian imports to 100 percent on May 1 citing border security issues. Colombia denies the claims and has halted energy sales.
Xurve View
Xurve View
The government of Ecuador announced on Thursday that it will increase tariffs on imports from Colombia to 100%, doubling the previous rate of 50%. The move follows allegations from Quito that its neighbor has failed to implement sufficient security measures along their shared border.
In an official statement, the Ecuadorean government justified the escalation of trade barriers:
