Panama: Tougher Sanctions for Colombia

  • Tuesday, February 14, 2017
Raising taxes exclusively on Colombian products is one of the measures that Panama could take until Colombia starts to comply with the WTO ruling.
The Panamanian government has asked the World Trade Organization (WTO) for authorization to use trade measures against Colombia, worth $210 million, equivalent to the effects that the imposition of Colombian tariffs had on the Colon Free Zone.

Laestrella.com.pa reports that "...Among the trade measures that could be applied by the isthmus is raising import taxes exclusively on Colombian products until the country starts to effectively enforce the ruling against the tariff measures applied by the Colombian authorities on shoes and textiles coming from the Colon Free Zone, reported the Ministry of Commerce and Industry of Panama (MICI). "

"...The MITI indicated that Panama submitted this request within the timeframe of a procedure established by the WTO, as January 22 was the deadline for Columbia to comply with the ruling. According to the MTI, the Government of Panama requested that the agenda of the meeting of the Dispute Settlement Body of the WTO, scheduled for February 20, 2017 include a review of the request."

More on this topic