Argentina on Friday appealed against a ruling by the WTO which found that it had broken global trade rules by setting unfair requirements on good exported by partners including United States, the EU and Japan. Argentina''s diplomats at the 160-member World Trade Organisation lodged a formal appeal during a session of its disputes settlement body.
Last month, the WTO''s trade watchdog arm had found fault with rules set by Buenos Aires and ordered it to fall into line. Argentina''s rivals in the dispute accused it of deploying protectionist trade policies, thereby denting their chances of getting fair access to its market.
In 2013, the WTO had set up a panel of independent trade and legal experts to consider the complaints filed by Washington, Brussels and Tokyo. In their sights were import licensing rules, which among other things require firms eager to export to the country to import Argentinean goods in exchange. One of the most well-known examples was German car maker Porsche, which was forced to commit to purchasing Argentinean wine and olive oil in order to get roughly 100 of its cars into the country.
Comments
Comments are closed.