Ecuador will apply the tariff to “ensure fair treatment” of Ecuadorian producers, President Daniel Noboa said on Monday.
Ecuador will apply a 27% tariff on Mexican goods to “ensure fair treatment” of Ecuadorian producers, President Daniel Noboa said on Monday. In a post on X, Noboa said he is open to signing a free trade deal with Mexico, but “not when there is abuse,” though did not elaborate. The president said that until a free trade deal is struck, a 27% tariff will apply to goods imported from Mexico. Ecuador imported $541 million worth of goods from Mexico in 2023, Mexican government data shows.
Mexico’s economic ministry did not immediately respond to CNN’s request for comment on Ecuador’s announcement. Last year, the two countries broke off diplomatic relations following Noboa’s order of a raid on the Mexican embassy in Quito, Ecuador to arrest Jorge Glas, a former Ecuadorean vice president.
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