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[BUSINESS] · Colombia, Ecuador · 51 sources

Colombia and Ecuador urged to end border tariff war after Andean Community deadline

Trade groups in Colombia’s Nariño department are pressing presidents Gustavo Petro and Daniel Noboa to comply with a decision by the Andean Community of Nations (CAN) that seeks to end the bilateral tariff dispute between Colombia and Ecuador. CAN gave the leaders a ten‑day window, from May 8 to May 19, to withdraw the imposed taxes. More than 4,000 families in the border city of Ipiales depend on the logistics chain that includes restaurants, cafés, bakeries, hotels, warehouses, tire shops and informal traders, and they are awaiting the restoration of normal import‑export activity.

The measure is set to take effect on June 1, with Ecuador already reducing the security tax on Colombian imports from 100 % to 75 % in early May to foster bilateral security cooperation. Local officials say the swift implementation would alleviate economic and social damage caused by the “tariff war.”

Sources

3 months ago