00:01Welcome back. The Colombian government plans to respond in a reciprocal manner to Ecuador in tariff war between the two
00:07countries after Quito increased its so-called security tax on Thursday. Ecuador raised the security tax on imports from Colombia
00:14from 30% to 50%. In response, Colombia's Minister of Trade, Industry and Tourism, Diana Marcela Morales, announced on Friday
00:23that they will propose a similar increase raised in tariffs on Ecuador and products to 50%.
00:27However, the Minister also explained that they are considering the inclusion of new items that would generate sensitivity to Ecuador's
00:34measures. Nevertheless, she also made it clear that they are identifying not the suddenly raised tariffs on inputs that are
00:41important for their productive sector.
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