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