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Ecuador-Colombia trade is almost halted by tariffs

Quito, Feb 5 (Prensa Latina) Trade between Ecuador and Colombia remains almost halted on following the implementation of a 30 percent tariff imposed by Quito, amid bilateral tensions with the neighboring nation.

The commercial and logistics sector on the northern border remains on alert due to the reduction in trade, even though Colombia has not yet implemented the tariff of the same percentage on Ecuadorian products, a measure established in response to President Daniel Noboa’s decision.

Truck drivers told Teleamazonas channel that, when 120 to 150 vehicles depart daily from the northern Ecuadorian province of Carchi, fewer than 50 have been sent this week.

The tariffs, in effect since February 1, were announced by President Noboa under the pretext of an alleged lack of cooperation from Colombia in fighting drug trafficking and illegal mining.

Bogota denied the accusations and, in response, in addition to imposing an equivalent tariff on Ecuadorian products, suspended the sale of electricity to Ecuador, which used that energy to compensate for its deficit and preserve water resources.

Ecuador’s Constitutional Court is processing a lawsuit of constitutionality against the National Customs Service (SEANAE)’s resolution that formalized the tariff, although no date has been set for a ruling.

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