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Panama advocates dialogue in trade dispute with Costa Rica

ministro-panama

Panama advocates dialogue in trade dispute with Costa Rica

Panama City, Sep 29 (Prensa Latina) Panama's Trade Minister, Federico Alfaro, said that his government is committed to dialogue and diplomacy in a dispute with Costa Rica over the import of food products.

In Twitter, the official indicated that there is a process before the World Trade Organization (WTO) and that both countries have recognized the competence and suitability of the international institution to resolve the differences.

The statements come after the Minister of Foreign Trade of Costa Rica, Manuel Tovar, announced the day before that the Government prepares reciprocal tariff measures against Panama in the context of a trade dispute by blocking the entry of Costa Rican dairy products, meat and fruits.

International law and its instances have served to replace with diplomacy and dialogue, what for a long time in our region, unfortunately was solved with violence’, Alfaro said.

Tovar indicated that they are about to define retaliation measures that international legislation enables to impose import taxes on Panamanian products that enter the country free of tariffs.

In September last year, the WTO, based in Geneva, created a panel to settle the trade dispute between Panama and Costa Rica.

Costa Rica argues that Panama’s decisions limiting imports have no scientific basis and that there would be no justification for not renewing the import authorization.

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