Panama has formally initiated a trade dispute against Colombia by notifying the World Trade Organization (WTO) of a request for consultations. After 60 days, if the consultations have failed to resolve the dispute, Panama may request adjudication by a WTO panel.
Panama’s WTO request concerns customs measures relating to Colombia’s importation of textiles, apparel and footwear. Specifically, Panama argues that Colombia's effective import tariff on textiles and clothing is higher than the maximum allowed under the terms of its WTO membership. Exporters in Panama's Colon Free Zone have opposed a proposed free trade agreement between Panama and Colombia.
The filing is Panama’s third complaint to the WTO about Colombia's import policies.