Ecuador raises 27% inch on Mexican goods

Ecuador raises 27% inch on Mexican goods

The Ecuadorian President Daniel Noboa announced on Monday that Ecuador will raise a duty of 27% on goods from Mexico to ensure "fair treatment" of the Ecuadorian producers.

proposal for a free trade agreement

in a posted Noboa that he was ready to sign a freelance agreement with Mexico, however, but "Not in the event of abuse" without further details. Up to the point in which a free trade agreement occurs, the 27% inch is charged to imported goods from Mexico.

Ecuador imported in 2023 were worth $ 541 million from Mexico, such as official Data from the Mexican government . The largest individual import was medication that made 12.6% of the goods from Mexico sold according to Ecuador.

The trade situation between Ecuador and Mexico

Despite these import numbers, Ecuador remains a very small trading partner for Mexico and made less than 0.1% of the value of Mexican exports last year, according to the Mexican government.

diplomatic relationships and conflicts

This announcement takes place after a break in the threat of US President Donald Trump, who announced 25% tariffs on all imports from Mexico after talking to the Mexican President Claudia Sheinbaum.

Review of the diplomatic tensions

Last year the two countries broke off the diplomatic relationships after Noboa ordered a raid in the Mexican embassy in Quito, Ecuador, to arrest Jorge Glas, a former Ecuadorian vice president.

asylum and allegations

surveillance

Political agenda by Daniel Noboa

noboa, the son of a bananen-tycoons,