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WTO creates court for Panama-Colombia dispute

Thursday, September 26, 2013


The World Trade Organization has established a trade court to find a solution to a dispute between Panama and Colombia.

Part of the process is to get Colombia to withdraw a tax on garments and footwear re-exported from Panama's Colón free trade zone towards Colombia, said Diana Salazar, Panamanian Minister for Trade and Industry.

The tax has accounted for 20 percent, or $1.5 billion, in losses reported by the free trade zone in the first half of the year.



Source (in Spanish): La Estrella