Panama Accuses WTO Of Columbia'S Discriminatory Tariff On Textiles And Other Imports
Panama
Media reports said that Melit n n Arrocha, the country's minister of Commerce and industry, announced Panama's complaint against the World Trade Organization (WTO).
Spin
Products and footwear
Imported
In the case of discriminatory tariff measures, the WTO dispute settlement panel has decided to win the lawsuit in Panama on the 27 th of this month. The relevant tariff measures of the Colombian countries have violated their WTO commitments.
Minister A emphasized that one of the most important export markets in the Colon Free Zone (CFZ), the country's discriminatory tariff measures made the CFZ manufacturers suffer a lot. In addition, another major export market, Venezuela's foreign exchange control problem, had led to a marked decline in the volume of trade in CFZ in recent years. The Pakistani government will continue to defend the rights and interests of Pakistan's manufacturers.
The trade agreement (FTA) country's textile and footwear levy compound import tariffs, including 10% ad valorem duty and 5 dollars per kilogram, from 1 to 5 years, expire and extend for 2 years, but the tax rate is slightly reduced. The tax rate is adjusted to textiles. The price of FOB is less than 10 dollars, the 10% ad valorem duty and the tax volume of 5 US dollars per kilogram. Over 10 US dollars are subject to the 10% ad valorem duty and the duty rate of 3 dollars per kilogram. Footwear products, the price of FOB is less than US dollars, and the levying of the ad valorem tax and the amount of tax per kilogram of US dollars are collected. The reason for this case is that since March 1, 2013, Columbia has signed freedom from unrelated countries.
The authorities said the measure was aimed at cracking down on unfair competition such as smuggling and commercial invoices. However, Panama believed that the discriminatory tariff measures violated the provisions of the World Trade Organization (WTO) and seriously affected the rights and interests of Colon Free Zone (CFZ) manufacturers. In June 2013, they formally accused Columbia of adopting discriminatory tariff measures against WTO.
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