Ecuador and Colombia tariffs collapse bilateral trade
Updated
Updated · Reuters · May 1
Ecuador and Colombia tariffs collapse bilateral trade
13 articles · Updated · Reuters · May 1
Ecuador's 100% tariff took effect on Friday, after Colombia imposed 35%, 50% and 75% duties on about 190 Ecuadorean products.
At the Rumichaca bridge, truck queues fell from about 150 to five, while business groups warned trade could drop to zero, costing jobs and encouraging smuggling.
Noboa says the measures address a trade deficit and border security failures, claims Petro rejects; Bogota has also suspended electricity sales to Ecuador.
Beyond tariffs, is the personal feud between two presidents about to shatter a major South American trade alliance?
As legal trade dies, are criminal economies the only winners in the escalating feud between Colombia and Ecuador?