Panama does not dismiss the formation of a block by those countries affected by the new decree.
Prensa.com highlights comments by the vice minister of foreign trade, Severo Sousa, regarding this issue: "We can, in some way, join efforts if we were to take the case to the WTO (World Trade Organization) to begin a diplomatic offensive, or both can be done."
Colombian authorities have show no interest in resolving the issue of additional taxes on imported goods from the CFZ.
According to Ricardo Quijano, Minister of Commerce and Industry (Mici), the panel could be set up in September as it ensures that the first step has already been taken and there has been a consultation period with the authorities of both countries to find a solution, which in this case could be a modification to the Colombian decree .
Panama has requested that the World Trade Organization verify that the taxes being charged by Colombia on imports from the CFZ are illegal.
This was announced by Minister of Commerce and Industries of Panama, Ricardo Quijano, who explained that his government has asked the WTO to establish a panel "to determine the legality of the measures imposed by Colombia on imports of clothing and footwear from the Colon (Free) Zone," noted an article in Laprensa.com.ni.
The government has designed a strategy to change the international perception of the country as a tax haven in order to avoid discriminatory measures being taken against them.
From a press release by the Ministry of Foreign Affairs of Panama:
In order to end the discriminatory measures that Panama faces by being described as a tax haven the High Level Presidential Commission for the Defense of International and Financial Services, is looking at tools that could be used to defend the country on financial issues from the moment that they start, caused by being categorised as a tax haven.
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