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Panama's trade war with Colombia escalates

Monday, August 8, 2016

Panama’s  war with Colombia edged up a notch this week with a Cabinet move  to raise tariff rates on four categories to the maximum allowed by international regulations. The Cabinet approved the increase on flowers, clothing, coal and material for cement.

The move came in  response to Colombia’s decision to extend a tariff on imports of textiles and footwear.

Source: Newsroom Panama