Thursday, January 29, 2015

#ECUADOR: Tariffs Imposed on Neighboring Colombia, Peru, to Shore Up Flagging Oil-Based Economy

[world politics news]


Ecuador has placed tariffs on imports from Colombia and Peru to defend against goods cheapened by the countries' depreciating currencies, as it tries to cushion the impact from tumbling crude oil prices. The OPEC country will impose a 21 percent charge on Colombian goods and a 7 percent duty on Peruvian imports, its trade ministry says.

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