CHILE WTO
October 1st, 2002
BY KEITH NUTHALL
AN ATTEMPT by Chile to maintain domestic sugar prices by using variable import duties has been declared contrary to World Trade Organisation (WTO) rules by the appellate body of the WTO disputes procedure. Chile's price band system was challenged at the WTO by Argentina, with the support of both the US and the EU. The body found that the system broke the WTO agreement on agriculture.
AN ATTEMPT by Chile to maintain domestic sugar prices by using variable import duties has been declared contrary to World Trade Organisation (WTO) rules by the appellate body of the WTO disputes procedure. Chile's price band system was challenged at the WTO by Argentina, with the support of both the US and the EU. The body found that the system broke the WTO agreement on agriculture.
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