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Tariff dispute threatens Panama's Alliance hopes

Thursday, July 28, 2016


A longstanding tariff dispute between Panama and Colombia, which appears to be escalating, could ultimately prevent Panama from joining the Pacific Alliance, a trade bloc currently formed of Chile, Colombia, Mexico and Peru.

Panama has been contesting Colombia’s tariffs on textile imports from the Colón Free Zone for years, but Colombia’s refusal to lift the tariffs despite a recent World Trade Organisatioruling has added fuel to the fire.

Source: gtreview