Panama and Colombia Try to Resolve Tariff Dispute

The business associations of both countries started working on a joint plan to solve a problem that has been causing them damage for the last six years.

Wednesday, June 20, 2018

Representatives from the Chamber of Commerce, Industries and Agriculture of Panama (Cciap) and members of the Chamber of Commerce of Bogotá, initiated talks to develop a joint plan to end the conflict that has affected them since 2012.

In a statement,  the Cciap explained that " ... we have begun conversations with the Chamber of Commerce of Bogotá, in order to establish a joint plan aimed at promoting the signing of an agreement between Panama and Colombia that will allow us to overcome the dispute that arose because of restrictive measures adopted at the time by the Colombian government."

Read here more details about the history of this tariff dispute. 

The statement adds that " ... Similarly, the aim is to sign an agreement between the Chamber of Commerce, Industries and Agriculture of Panama and Corferias of the Chamber of Commerce of Bogota, which will enhance the competitive advantages of our country for the attraction of trade fair events and conventions of magnitude, similar or superior to that of Expocomer, which would represent a significant economic impact with multiplier effects."

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More on this topic

Tariff Conflict Between Panama and Colombia

March 2018

A little more than a month after the Panamanian government decided to raise import tariffs on various products as a measure of retaliation against the South American country, representatives from both governments reaffirmed their positions at a WTO hearing.

The outcome of the hearing will be announced by the WTO between August and September, according to the rules that govern the agency. 

The Never Ending Tariff Conflict between Panama and Colombia

February 2018

The Panamanian government has decided to increase, in some cases by up to 30%, import tariffs on several products, including flowers, cement and bituminous coal, most of which are imported from the South American country.

According to a Cabinet Decree published on January 10 in the Official Newspaper, the Panamanian government decided to modify several fractions of the National Import Tariff, taxing at 30% imports of roses, carnations, chrysanthemums, calla lillies, astomerias, gladiolas and "flor de confite" (Calyptronoma plumeriana (Martius) Lourteig), which mostly come from Colombia.

Tariff Conflict between Panama and Colombia Continues

June 2017

The WTO has established a new compliance panel to verify whether or not the South American country has complied with the ruling mandating it to withdraw the tariff on imports of textiles and footwear from Panama.

The decision of the Dispute Settlement Body of the World Trade Organization (WTO) was made at the request of the Panamanian government, which requested a panel be established for a second time, arguing that the South American country continues to impose restrictions on the importation of the products in question "... and that it wanted the trade dispute to be addressed within the framework of the WTO."

Panama: "Firm Hand" Demanded for Colombia

November 2016

Preventing the participation of Colombian companies in the tender processes is one of the actions proposed by Panamanian businessmen as a retaliatory measure to the conflict over tariffs.

"More forceful and effective action" is what the Panamanian Association of Business Executives is demanding of the Varela government, to defend the interests of Panama in the conflict over the collection of fees in Colombia on imports of textiles and footwear coming from the Colon Free Zone.

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