Daily coverage from across the country, written for the expat community
Results for “pipeline”Clear
Ecuador has slapped 50% tariffs on Colombian imports, threatened to cut electricity sales, and hiked pipeline transit fees by 900%. With $2.8 billion in bilateral trade at risk, Colombian products are getting more expensive and de-escalation talks are just beginning.
The UAE and Ecuador signed a Comprehensive Economic Partnership Agreement (CEPA) during the Crown Prince of Abu Dhabi's visit, unlocking over $3 billion in investment across clean energy, digital infrastructure, mining, logistics, and agriculture. Ecuador becomes the fourth Latin American country with a UAE trade deal.
Ecuador and Colombia have imposed tit-for-tat tariffs reaching 50% on hundreds of goods, putting approximately $2.8 billion in annual bilateral trade at risk. Colombia has also suspended electricity exports and faces retaliatory pipeline fee increases from Ecuador.
Ecuador shipped 125,200 tonnes of shrimp in January 2026, a 23% increase year-over-year. China remains the top buyer at 49.5% of volume, though its share has declined from 54.2% in 2024. The industry projects a 15% increase for the full year.
January 2026 crude production hit 466,400 bbl/d, down 1.8% year-over-year and 13% below a decade ago. Illegal pipeline taps surged from 36 in 2022 to 770 in 2024, costing $100 million annually. Ecuador needs 550,000 bbl/d just to cover basic fiscal needs.
Ecuador and Colombia have imposed 50% tariffs on each other's imports in an escalating trade war that puts $2.8 billion in bilateral trade at risk. Colombia has also suspended electricity exports and raised pipeline fees by 900%.
Colombian President Gustavo Petro accused Ecuador of dropping bombs inside Colombia, claiming 27 charred bodies were found near the border. Ecuador's Noboa flatly denied it. The neighbors are now in their worst diplomatic crisis in years — and it's affecting everything from electricity to trade.
Ecuador hiked tariffs on Colombian imports from 30% to 50% on March 1. Colombia retaliated on 280 Ecuadorian products at the same rate. If you buy medicine, processed food, or pesticides in Ecuador, you're already paying more.
Canadian mining giant Lundin Gold announced a $100 million exploration budget for 2026, targeting 133,000 meters of drilling across its concessions in Zamora Chinchipe province. The investment aims to extend the life of its flagship Fruta del Norte gold mine as gold prices surge toward record highs.
Colombia suspended electricity sales to Ecuador and imposed retaliatory tariffs after Ecuador slapped a 30% 'security tariff' on Colombian goods. With Ecuador's grid 79% dependent on hydroelectric power, the loss of Colombian energy imports raises the specter of the devastating 2024 blackouts.
Ecuador’s largest gold mine exported a record $1.8 billion in 2025 — a 51% jump from the prior year — as gold prices topped $5,000 per ounce for the first time. Lundin Gold just announced $100 million in new exploration spending and discovered a fifth copper-gold deposit, signaling the mining boom is just getting started.
What started as a tariff dispute has spiraled into a full trade war between neighbors. Ecuador slapped 30% duties on Colombian imports; Colombia responded by suspending electricity sales and threatening counter-tariffs on 23 Ecuadorian products. The pipeline tariff jumped from $3 to $30 per barrel.
