Textile Tariff Dispute Between Panama And Columbia Is Settled Through WTO

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Accusation against Columbia's improper tariff trade barriers measures on imports of textiles and footwear, the two countries will continue to speak on the World Trade Organization (WTO) in August 29th (2014). The representative of Pakistan is ambassador Felipe Suescun, and is expected that the products with high tariffs will only be pferred to the Colon Free Zone in Pakistan's national defense debate.

Since March 1, 2013, Columbia has introduced compound import tariffs on textiles and footwear from countries not signed with FTA.

The authorities said the measure was aimed at cracking down on unfair competition such as smuggling and commercial invoices. However, Panama believed that the tariff measures had exceeded the provisions of the World Trade Organization (WTO) and seriously affected the manufacturers of the Franco free trade area.

In June 2013, the State Council formally reported to Columbia WTO improper tariff barriers.

The dispute prediction between the two countries will eventually go to arbitration. The whole process has been initiated since June 2013, and the estimate will take 1 and a half years to start.

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