Guatemala accuses Peru of breaking rules on trade

Peru is illegally protecting its farmers against falls in global commodity markets, according to Guatemala, which has launched a challenge against Peru's policy at the World Trade Organization.

Peru, which is one of the countries negotiating the US-led Trans-Pacific Partnership free trade deal, imposes an extra import levy on rice, sugar, corn, milk and some milk products when international prices fall below a certain level, Guatemala has told the WTO.

Peru has 60 days to address Guatemala's concerns, after which time Guatemala could ask the WTO to adjudicate on the dispute.


Source: Reuters