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Ecuador imposes 27% tariff on products imported from Mexico
Monday, February 3, 2025 - 14:44
Foto Europa Press

The two countries broke off diplomatic relations in April 2024, after Ecuadorian police raided the country's embassy to arrest former Vice President Jorge Glas, who was convicted of corruption cases.

President Daniel Noboa announced on Monday that he will impose a 27% tariff on products imported from Mexico.

According to Noboa, the tariff will exist until the Free Trade Agreement with the North American country is signed.

"As we have demonstrated these days, the New Ecuador has always been open to commercial integration, but not when there is abuse," the president wrote in X.

“We reaffirm our position of signing a Free Trade Agreement with Mexico. But, until that happens and becomes a reality, we will apply a 27% tariff to the products we import, with the aim of promoting our industry and ensuring fair treatment for our producers,” he added.

Ecuador and Mexico broke off diplomatic relations in April 2024, after Ecuadorian police raided the country's embassy on the orders of President Daniel Noboa to arrest former Vice President Jorge Glas, who was sentenced for two corruption cases and investigated for another, and who had been granted asylum.

US President Donald Trump had also announced a tariff on Mexican products starting in February. However, on Monday, President Claudia Sheinbaum assured that this decision would be delayed for a month . Trump explained that during this month of suspension, negotiations between the two countries will take place.

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