The Colombian government, led by President Gustavo Petro, has officially enacted a 30% reciprocal tariff on certain Ecuadorian products, as outlined in the Official Gazette No. 53.408 published on February 23. This follows a previous tariff imposed by Ecuador, which included a 30% charge for customs control services on imports. The decree specifies that the tariff will apply to 23 classified tariff subheadings, totaling 73 specific categories of products.

The new tariff measures represent a significant development in trade relations between Colombia and Ecuador, reflecting escalating tensions over customs fees that have impacted bilateral commerce. The immediate enforcement of the tariffs, effective from February 24, could strain economic ties and contribute to rising costs for consumers in both countries as businesses navigate new trade barriers.

These developments pose implications for the broader economic landscape in the Andean region, particularly considering the reliance on intra-regional trade. It highlights the growing caution from both nations regarding trade policies that can affect economic stability and international relations within the region.