00:00On a Friday, Colombia's president Gustavo Perdo announced his country's withdrawn from
00:04the Andean community of nations.
00:07The decision was prompted by Ecuador's move to impose a 100% tax on all imposed Colombian
00:12goods.
00:12Also, Colombia has initiated the formal application process to join MERCOSUR as a full member.
00:18Bogotá denounced Ecuadorian president Daniel Novoa's action as the anti-progressive ideology
00:22that undermines Latin American unity.
00:25Quito justified the measure alleging Bogotá's supposed inaction against organized crime.
00:30This profound commercial and diplomatic rupture directly threatens the economic stability of
00:35the region and leaves Ecuador in a particularly vulnerable position due to the loss of its
00:40primary energy provider and a significant source of essential goods.
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