Andean community orders colombia and ecuador to remove tariffs

The Andean Community of Nations has ordered Colombia and Ecuador to eliminate tariffs imposed amid a bilateral trade dispute. The bloc gave the countries 10 days to comply with resolutions issued by its General Secretariat.

The order is based on resolutions 2581, 2582 and 2583, which found that the tariffs violate the Cartagena Agreement signed in 1969. According to the bloc, the restrictions harm free trade and the Trade Liberalization Program in force among member countries.

Secretary General Gonzalo Gutiérrez Reinel noted that in 2024 Colombia exported 3.197 billion dollars to the region, while Ecuador recorded 2.033 billion dollars. The measures have caused losses exceeding 340 million dollars and a drop of more than 70% in bilateral trade.

Gutiérrez Reinel warned of rising smuggling and job risks in border areas such as Putumayo, Nariño and Carchi. The organization recalled that it can only act with member countries and that Ecuador has threatened to leave the group.

Artikel Terkait

Illustration of diplomatic tension between Colombia and Ecuador over tariffs and presidential elections.
Gambar dihasilkan oleh AI

Colombia accuses Ecuador of electoral interference over tariffs

Dilaporkan oleh AI Gambar dihasilkan oleh AI

Colombia’s Foreign Ministry accused Ecuador on Saturday of deliberate interference in Sunday’s presidential elections. The accusation followed an announcement by Ecuadorian President Daniel Noboa on the elimination of bilateral tariffs starting June 1.

The Colombian government retaliated against Ecuador's 100% tariff hike on Colombian products by imposing the same on over 70 Ecuadorian tariff subheadings. Trade Minister Diana Morales amended Decree 170 after unsuccessful diplomatic efforts. Colombian exports to Ecuador dropped 35% in February to US$109.3 million.

Dilaporkan oleh AI

Colombia's Minister of Commerce, Industry and Tourism, Diana Marcela Morales Rojas, rejected Ecuador's trade measures and announced that the country will raise tariffs on imports from Ecuador to 100%. The move responds to Ecuador's announced increase of its tariff on Colombian products to 100%, citing border security issues. Business leaders from both nations called for presidential dialogue to avert economic harm.

Situs web ini menggunakan cookie

Kami menggunakan cookie untuk analisis guna meningkatkan situs kami. Baca kebijakan privasi kami untuk informasi lebih lanjut.
Tolak