EU intervenes in frit dispute with Colombia WTO
In the dispute over Colombian tariffs on frozen frits from Germany, Belgium and the Netherlands, the EU has called in the World Trade Organization (WTO). The country has failed to respond to numerous calls to lift unjustified tariffs, EU Trade Commissioner Cecilia Malmström said in Brussels on Friday. For this reason, a dispute settlement procedure has now been initiated at the WTO.
Bild von Hans Benn auf Pixabay
According to the EU, the tariffs imposed in 2018 unjustifiably hinder European companies' access to the Colombian market. They would account for 85 percent of EU exports of frozen French fries to the South American country, which would have an annual value of more than 19 million euros.
If Colombia and the EU cannot reach agreement in the dispute settlement procedure, the EU may request an independent WTO ruling on the case. This could allow the EU to impose retaliatory tariffs on imports from Colombia. (dpa)
Note: This article has been translated using a computer system without human intervention. LUMITOS offers these automatic translations to present a wider range of current news. Since this article has been translated with automatic translation, it is possible that it contains errors in vocabulary, syntax or grammar. The original article in German can be found here.
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