ecuador package protectionist policies

Video: Ecuador imposes new tariffs

 

 
 Ecuador imposes protectionist policies 
 

Ecuador is facing falling oil prices and a $3.5 billion trade deficit this year.

In response, President Rafael Correa is imposing high tariffs on imports to protect Ecuadorian producers.

Local producers are relieved, but Ecuador’s neighbours are not as impressed. Al Jazeera’s Mariana Sanchez reports on Ecuador’s new protectionist policies.