The government of Ecuador has decided to impose a 27% tariff on Mexican imports, a measure that will especially affect certain importers in the country. Mexico ranks as the sixth largest supplier to Ecuador globally, representing approximately 1.9% of its annual imports. Of the total value of imported Mexican products, 12.6% corresponds to medicines (both mixed and unmixed products for therapeutic or prophylactic uses), 4.44% to cars and their parts, 3.85% to trucks and their components, 2.66% to computer monitors and projectors, and 2.64% to malt extract and flours.
At one point, the Mexican government tried to establish a free trade agreement with Ecuador, but one of the biggest obstacles was the access of Ecuadorian bananas to the Mexican market, as local producers opposed the reduction of tariffs for fear of losing competitiveness. In addition, diplomatic relations deteriorated on April 5, 2024, after Ecuadorian security forces stormed the Mexican embassy in Quito.
Despite these setbacks, the private sector sees the possibility of reaching an agreement that would allow Ecuador to join the Pacific Alliance, a goal that interests the South American country.
@cdlmariwidepanamerican ¿Qué productos mexicanos serán afectados por los aranceles de Ecuador? #noticias #CDLPanamerican #aranceles #mexico #ecuadorvideo ♬ sonido original – cdlpanamerican