NEWS
Colombia appeals in WTO frozen fries dispute with EU
Published On :
GENEVA (Reuters) – Colombia launched an appeal on Monday against a finding largely backing the European Union in a World Trade Organization (WTO) dispute over import tariffs on frozen fries from Belgium, Germany and the Netherlands.
The Geneva-based trade body said this would lead to the first proceedings before a multi-party arbitration system set up in response to United States’ crippling of the WTO’s own appeals body.
A WTO panel had earlier found that Colombia had made a series of errors in its determination that the EU frozen fries were being dumped.
Colombia imposed anti-dumping duties of between 3% and 8% on frozen fries in November 2018 after complaining that the prices of these imports were artificially low.
Although small in monetary terms – the EU as a whole exports just 19 million euros ($18.43 million) of frozen fries to Colombia per year – the dispute holds symbolic importance particularly for Belgium, which argues that it invented the “French” fry.
The duties affected 85% of EU exports of frozen fries to Colombia.
($1 = 1.0309 euros)
(Writing by Miranda Murray and Philip Blenkinsop, editing by Rachel More and Bernadette Baum)
Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.
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