Latest Jorge Glas News & Updates

Colombia Raises Tariffs on Ecuadorian Imports Amid Escalating Tensions

By

Bogota, April 11 (IANS) Colombia’s trade ministry said that it will raise tariffs on imports from neighboring Ecuador to 100 per cent from 30 per cent, matching a decision made a day earlier by Quito, as tensions between the two countries escalate.Trade Minister Diana Morales said on Friday in a statement that Ecuador’s latest tariff hike from 50 per cent to 100 per cent forced Colombia to align its policy, accusing the Quito move of distorting competition and harming domestic producers of both …