Arab Today, arab today wto argentina broke global trade rules
Last Updated : GMT 19:55:34
Arab Today, arab today
Arab Today, arab today

WTO: Argentina broke global trade rules

Arab Today, arab today

Arab Today, arab today WTO: Argentina broke global trade rules

The logo of German car producer Porsche ais
Geneva - AFP

Argentina broke global trade rules by imposing a raft of hurdles for goods sold by partners including United States, the EU and Japan, a WTO disputes panel ruled on Friday.
In the ruling, the World Trade Organization's watchdog arm said that Buenos Aires should "bring the inconsistent measures into conformity with its obligations" under international rules.
Washington hailed the decision.
"This is a major victory for American workers, manufacturers and farmers," US trade chief Michael Froman said in a statement.
"Argentina's protectionist measures impact a broad segment of US exports, potentially affecting billions of dollars in US exports each year," he added.
Froman's European Union counterpart, Karel De Gucht, was equally upbeat.
"I've made standing up to protectionism one of the hallmarks of my term as EU Trade Commissioner. This case sends an important signal that protectionism is not acceptable," he said in a statement.
"I call on Argentina to move quickly to comply with the ruling of the WTO panel and remove these illegal measures and open the way for EU goods to compete fairly on the Argentinian market," he added.
The WTO panel of trade and legal experts was set up in May 2013 to hear complaints filed by Washington, Brussels and Tokyo, which claimed that Argentina was not playing fair.
In their sights were import licencing rules, which among other things require firms eager to export to the country to import Argentinian goods in exchange.
One of the most well-known examples was German car maker Porsche, which was forced to commit to purchasing Argentinian wine and olive oil in order to get roughly 100 of its cars into the country.
Other contested areas included limiting imports in volume or value, ordering trade partners to make investments in Argentina and to refrain from repatriating profits from Argentina.
The WTO polices global trade accords in an effort to provide its 160 member economies with a level playing field.
Wrangling over import measures is common at the WTO, whose panels can authorise retaliatory trade measures against a guilty party that fails to fall into line.
Argentina still has the option of appealing against the ruling.
The WTO disputes settlement process can last for years, amid appeals, counter-appeals and compliance assessments.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today wto argentina broke global trade rules Arab Today, arab today wto argentina broke global trade rules

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday