US EditionEcuador Hikes Colombian Crude Transport Tariff by 900%
Petro proposed talks to resolve the week-long trade conflict triggered by drug trafficking disputes, affecting $2.3 billion in trade between Colombia and Ecuador, officials said.
- On Wednesday, Colombian President Gustavo Petro offered talks to de‑escalate a week‑old trade war over cross‑border drug trafficking at a Panama City regional leaders' meeting.
- Last Thursday, Noboa imposed a 30% tariff on Colombian imports, framing it as a 'security tax' and blaming Colombia for ignoring drug cartels along their shared border.
- Ecuador confirmed a 900% increase in pipeline fees to $30 per barrel affecting the SOTE, which transports nearly 10,300 barrels per day, confirmed by Ines Manzano on Friday.
- The dispute risks disrupting key energy and export links as bilateral trade was about $2.3 billion last year, with Colombia sending about $1.7 billion to Ecuador, and suspension of electricity supplies hit Ecuador's hydroelectric power in 2024.
- Critics say Noboa is trying to find someone to blame for Ecuador's rising violence, with Colombia failing to secure the 600‑kilometer border and a 900% increase in pipeline fees, last week.
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Colombia leader offers talks to end trade war with Ecuador
Colombian President Gustavo Petro on Wednesday extended an olive branch to his US-backed Ecuadoran counterpart Daniel Noboa in a bid to end a week-old trade war over cross-border drug trafficking.
Surrounded by half a dozen heads of state and before an audience that brought together the largest concentration of regional political leadership in recent years, Colombian President Gustavo Petro took the floor this Wednesday in Panama to claim his vision of the future of Latin America. “We do not want missiles on Caracas, nor on any country in America, nor north or south,” Petro said. The president followed the line of his counterparts, like L…
By Ana María Cañizares, Fernando Ramos and Mauricio Torres, CNN en Español The relations between Ecuador and Colombia, in which a door had been opened for dialogue at the end of last week, were again strained this Tuesday. This time, the difference was due to Quito's decision to increase by 900% the tariff for transporting Colombian oil, a measure that Bogotá considered “a new aggression” by its neighbor. The increase from US$ 3 to US$ 30 for th…
Ecuador Raises Tariffs on Colombian Crude Oil by 900 Percent
The administration of Ecuadorian President Daniel Noboa on Monday announced a 900 percent increase in tariffs on Colombian oil transiting through its pipeline system, the latest move in an escalating trade dispute. The post Ecuador Raises Tariffs on Colombian Crude Oil by 900 Percent appeared first on Breitbart.
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