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| 5/20/2009 12:00:00 AM

WTO condemns Colombia for Trade Restrictions to Panama

The World Trade Organization (WTO) established that Colombia violated international trade laws by restricting the import of Panamanian products. The WTO declared that Panamanian exporters were economically affected and that Colombian requests harmed the merchandise trade of both countries. Colombian government was asked to act immediately according to the world trade regulations and to execute the complete reestablishment of the trading businesses.
 
The merchandise, which was restricted ,was mainly cloth related products that were meant to arrive to El Dorado Airport in Bogotá and Barranquilla’s harbor (northern Colombia). WTO also considered illegal Colombian methods of defining custom valuation as well as the request of presenting an import declaration and the duty payment previous to the transport of products.
 
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