Ecuadorian President Imposes 27% Tariff on Mexican Goods

(CLO) Ecuadorian President Daniel Noboa has announced the application of a 27% tax on imported goods from Mexico, to ensure fair treatment for domestic businesses.

The decision comes amid strained bilateral relations between the two countries following a series of recent diplomatic incidents.

Ecuadorian President Daniel Noboa. Photo: CC BY-SA 2.0 / Asamblea Nacional del Ecuador

In a post on social media X, President Noboa affirmed that he supports increased trade with other countries, including the possibility of signing a free trade agreement with Mexico. However, he stressed: "This does not mean that we will accept abuses."

The 27% tariff will remain in place until a trade deal is reached, a move that is seen as aimed at protecting Ecuadorian businesses, which say they have not received fair treatment in trade with Mexico.

The decision to impose the tariffs comes after relations between Ecuador and Mexico soured last year after President Noboa ordered a raid on the Mexican Embassy in Quito to arrest former Ecuadorian Vice President Jorge Glas, who was seeking asylum there. The move led Mexico to cut diplomatic relations with Ecuador and sparked international criticism.

According to trade reports, Mexico is one of Ecuador's important partners in the region. The imposition of a 27% tariff could significantly damage Mexican exporters and reduce the diversity of goods in the Ecuadorian market.

In addition, the Ecuadorian government recently announced that it will temporarily close its borders this weekend to strengthen security controls and prevent smuggling and illegal migration, as well as ensure disease prevention.

Cao Phong (according to Reuters, AP, Investing)

Source: https://www.congluan.vn/ecuador-ap-thue-27-len-hang-hoa-mexico-tam-dong-cua-bien-gioi-post332899.html