Panama: Ultimatum Issued to Colombia Over Tariffs


News from Panama / Sunday, November 20th, 2016

wto

The South American country has until 22 January 2017 to implement the recommendations and rulings established by the Dispute Settlement Body of the WTO.

The announcement of the WTO comes after Colombia announced the replacement of the controversial mixed tariff by a threshold of $10 / kg for clothing and between $6 and $10 per pair of shoes, and the temporary application of maximum tariffs of 40% and 35%, respectively and above that threshold, a tariff of 15%.

From a statement issued by the World Food Organization:

On November 15, 2016, an Arbitrator has issued its ruling in connection with the “reasonable period of time” for implementation of the recommendations and rulings of the Dispute Settlement Body (DSB) in the dispute “Colombia – Measures concerning the importation of textiles , clothing and footwear “(WT / DS461 / 14).

The arbitrator determined that the “reasonable period” for Colombia to implement the recommendations and rulings of the DSB in this dispute is seven months from the adoption of the reports by the special group and the Appellate Body.  Therefore, the “reasonable period” expires on January 22, 2017. 

Read full report (in spanish).