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  • 6 weeks ago
Colombia to impose tariffs on Ecuadorian products following the decree modifying reciprocal trade agreements.
Transcript
00:00And Colombia will impose tariffs on Ecuadorian products following the decree
00:04modifying reciprocal trade agreements. Tariff will surge to 35, 50 and 75 percent
00:10according to the decree issued by Colombia's Ministry of Commerce, Industry
00:13and Tourism which takes effect on May 1st, 2026. This measure was enacted in
00:18response to Ecuador's announcement that it will apply a 100 percent security
00:22levy on Colombian imports started on the same date. Consequently, Colombian
00:26President Gustavo Petro announced the removal of the zero percent tariff on
00:30essential Ecuadorian goods, implementing this decision to address the lack of
00:33effective oversight along the northern border.
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