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Ecuador president announces 27% tariff on Mexican goods

Ecuador president announces 27% tariff on Mexican goods

Tuesday, February 04, 2025, 09:43 GMT+7
Ecuador president announces 27% tariff on Mexican goods
Ecuador's President Daniel Noboa, who is seeking re-election looks on, on the day of a televised presidential debate, in Quito, Ecuador January 19, 2025. Photo: Reuters

QUITO -- Ecuador's President Daniel Noboa announced on Monday that his government will apply a 27-percent tariff on Mexican goods in an effort to promote fair treatment for his country's companies.

In a post on X, Noboa said he favors more exchange of goods with other countries, including a potential free trade deal with Mexico, "but not when there is abuse." Until there is such a deal, he added, the 27-percent duty will apply.

Last year, Ecuador and Mexico broke off diplomatic relations after Noboa ordered a raid on the Mexican embassy to arrest a former Ecuadorean vice president.

The South American nation is set to hold a first-round general election this Sunday, in which Noboa is running to remain in office.

Mexico's economy ministry, which handles trade policy, did not immediately respond to a request for comment.

Reuters

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