A decree allowing Colombia to impose a 30% tariff on a range of Ecuadorian export products has been finalized and is awaiting the signature of President Gustavo Petro. The announcement was made by Colombia's Deputy Minister of Foreign Trade, Tito Yepes, indicating that the legal review of the decree has been completed. The decision reflects ongoing trade tensions between the two nations, which have seen a fluctuating relationship in recent years.

The products affected by the new tariff include a variety of goods categorized into 23 tariff groups, which break down into 73 subcategories. Notable items subject to the 30% levy include rice, sugar, fats, oils, and bananas. This move could significantly impact Ecuador's economy, particularly sectors reliant on exports to Colombia, highlighting the importance of these markets in bilateral trade relations. The adoption of this decree underscores Colombia's strategy to protect its domestic industries amid economic pressures.

As the decree moves towards implementation, it invites scrutiny regarding its long-term implications for trade relations between Colombia and Ecuador. This tariff raises concerns for Ecuadorian exporters who may face increased costs and potential market barriers, prompting discussions about the need for negotiations or retaliatory measures. Stakeholders in Ecuador will likely need to assess the impact on their exports and seek diplomatic avenues to address these trade challenges.