Panama Takes Ecuador Conflict to WTO
The country began the process in response to measures applied by Ecuador to legal, finance and trade services.
Friday, September 18, 2009
This was confirmed by Alberto Vallarino, Economy and Finance minister, in a communication with Commerce and Industry minister Roberto Henríquez.
A committee composed of Economy and Foreign Relationships ministers will seek tax and trade agreements.
The measures taken by Ecuador to increase the tariffs on 600 imported products has paralized shipments from the Colon Free Zone (ZLC).
By eliminating the tariff of 38%, conditions for the export of tubular fabric and polypropylene bags to the Dominican Republic return to normal.
The Panamanian government could implement measures against Colombia because of its extension of the tariff on re-exports from the Colon Free Zone.
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