COLOMBIA APPEALS WTO DECISION ON TEXTILES TARIFF
February 1st, 2016
Colombia is appealing a World Trade Organisation (WTO) decision that it broke its WTO global trading commitments regarding taxing the imports from Panama of textiles, as well as apparel and footwear.
The WTO’s disputes settlement body (DSB) ruled in November that Colombia’s compound tariff, made up of a 10% ad valorem component and a specific component that varied according to the import value and customs classification of these products, was too high. Panama has long been unhappy with the tariffs, requesting consultations with Colombia in June 2013 – the ...
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