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WTO arbitrator gives Colombia seven months to scrap illegal duties on Panamanian imports

( November 15, 2016, 19:29 GMT | Official Statement) -- MLex Summary: A World Trade Organization arbitrator has given Colombia until Jan. 22 to implement rulings that found "compound tariffs" imposed by Bogotá on textiles, apparel and footwear from Panama exceed the maximum permitted rates in Colombia's WTO membership agreement. Colombia, which argued that the duties were needed to address underpriced imports used to launder money, had requested a June 22 deadline.See arbitrator's report below....

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