Home / Knowledge / News / Textiles / Panama files WTO complaint against Colombia on textile tax
Panama files WTO complaint against Colombia on textile tax
20
Jun '13
Panama has notified the World Trade Organization (WTO) of a request for consultations with Colombia regarding customs measures relating to the importation of textiles, apparel and footwear, the WTO said in a statement.
 
Panama has alleged that Colombia’s effective import tariff on textiles and clothing is higher than the maximum allowed as per its WTO membership agreement.
 
Beginning March 1 this year, Colombia has imposed an additional five dollars per kilo duty on apparel imported from other countries, including Panama, irrespective of the price of the imported product, while reducing the tariff on textiles and apparels from 15 to 10 percent.
 
The new duty is affecting apparel exporters from Panama’s Colon Free Zone, who are also opposing the proposed Colombia-Panama free trade agreement (FTA), negotiations for which ended recently.
 
Colombia would have to respond to the request for consultations within ten days and the discussions have to begin within 30 days after being notified, as per WTO procedures.
 
Unless both parties agree for extension, the consultations have to be completed within 60 days. If the issue does not get resolved during consultations, the parties may request the WTO for establishment of an expert panel under the Dispute Settlement Body of the WTO to resolve the dispute.
 
Panama has one of the highest economic growth rates in the Latin American region and the country’s economy registered a growth rate of 10 percent last year.
 
Panama exported US$ 72 million worth of goods, largely consisting of apparel and footwear, to Colombia in 2012.
 

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search