Saturday, August 23, 2014 Argentina to ‘immediately appeal’ WTO ruling

Saturday, August 23, 2014

Argentina to ‘immediately appeal’ WTO ruling

Economy vice-minister Emanuel Alvarez.

Argentina will appeal the World Trade Organization (WTO) ruling that urged the country to “respect international trade laws” following the complaint issued by the US, the European Union and Japan questioning its “protectionist measures."

Economy vice-minister Emanuel Alvarez said today the South American country will “immediately appeal” the ruling as Argentina’s borders are “not closed to commerce but carefully cared to protect businesses.”

“Every measure we take is to protect importers and benefit the country,” Alvarez told reporters during a radio interview.

“The WTO usually just asks for some adjustments,” he clarified and insisted Argentina will appeal the ruling.

If the country does not appeal and keeps its current trade legislations the plaintiffs could ask the WTO to apply monetary sanctions.

The complaint was issued on 2012 and the WTO made the ruling on Friday.