*Ecuador’s government led by President
Daniel Noboa has announced that it will raise existing 50% tariffs on Colombian imports to 100% as of 1 May citing Colombia’s failure to implement “
concrete and effective measures regarding border security”. Noboa’s government
first imposed a 30% tariff on Colombian imports in January due to the country’s alleged failure to cooperate against crime, prompting Colombia
to reciprocate. Ecuador then
raised the tariffs to 50% in February. Its latest hiking of the tariffs comes amid a
fresh bilateral spat sparked by comments made on 6 April by Colombia’s President
Gustavo Petro regarding Ecuador’s former vice president,
Jorge Glas (2013-2017), who he described as a “
political prisoner”. This led Ecuador’s government to announce it was recalling its ambassador to Colombia. President Petro has blasted Ecuador’s latest tariff hike as “
monstruous”, saying that it signals the end of the “
Andean pact for Colombia” – a reference to the Comunidad Andina (CAN) trade bloc which comprises Ecuador, Peru, Bolivia, and Colombia. He has also ordered the “
immediate” return of Colombia’s ambassador to Ecuador,
María Antonia Velasco. The latest escalation in the trade war comes as Petro received a further setback yesterday after Colombia’s constitutional court definitively rejected an economic emergency
he announced in December to raise taxes. The court had
provisionally suspended the measure in January.
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