The Acoplásticos trade group celebrated Ecuador's government decision to eliminate the 100 % tax on imports from Colombia. The move restores normal bilateral trade conditions and enables recovery of some 170 million dollars in annual exports.
Acoplásticos, the trade group representing Colombia's plastics industry, described the repeal as positive news. Executive president Daniel Mitchell said the decision opens the possibility to export around 150 million dollars annually to Ecuador in products such as polypropylene, PVC, sacks, packaging films and construction items.
An additional 20 million dollars in annual Colombian paint exports are also expected to resume. The Ecuadorian market ranks among the most relevant for the national manufacturing sector.
The group expressed hope that cooperation between the two countries will prevail and that Andean Community agreements will be respected. This stance aims to provide certainty to businesses and ensure continuity of commercial exchange.
