WTO dispute panel - Restrictions imposed by Argentina on U.S. imports 

August 22: A World Trade Organization (WTO) dispute settlement panel today found in favor of the United States in a dispute challenging restrictions imposed by Argentina on the importation of U.S. goods.

According to a USTR release, the WTO panel agreed with the United States that Argentina’s import licensing requirement and other import restrictions breach international trade rules.


Under WTO rules, the report will be adopted within 60 days of the report’s circulation at the request of any party, or any party may appeal the report before it is adopted.

Background

The import restrictions challenged by the United States include an import licensing requirement (Declaración Jurada Anticipada de Importación – DJAI) that applies to all imports of goods into Argentina.


The United States also challenged restrictive trade-related requirements imposed by Argentina together with the DJAI and other licensing requirements. These requirements imposed by the Argentine government mean that many U.S. companies seeking to bring their products into Argentina have had first to agree to export Argentine goods, make investments in Argentina, lower prices of their products, or refrain from repatriating profits to the United States.



For more information, contact a professional with KPMG’s Trade & Customs practice:


Douglas Zuvich

(312) 665-1022


Andrew Siciliano

(631) 425-6057


John L. McLoughlin

(267) 256-2614


Todd R. Smith

(949) 885-5617


Luis A. Abad

(212) 954-3094


Amie Ahanchian

(202) 533-3247


Or your local KPMG Trade & Customs professional.




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