Ecuadorian President Daniel Noboa announced a 27% tariff on Mexican goods, citing the need for 'fair treatment' of Ecuadorian producers. While Ecuador aims to sign a Free Trade Agreement with Mexico, Noboa stated this tariff will be implemented until such an agreement is realized.
President of Ecuador Daniel Noboa announced on Monday that his country will impose a 27 percent tariff on Mexican goods to ensure “fair treatment” of Ecuador ian producers.
“We ratify our position to sign a Free Trade Agreement with Mexico. But, until that happens and becomes a reality, we will apply a 27 percent tariff to the products we import, with the objective of promoting our industry and that there is fair treatment to our producers,” he continued.
TARIFFS MEXICO ECUADOR TRADE AGREEMENT GLOBAL ECONOMY
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