🎁 💸 Warren Buffett's Top Picks Are Up +49.1%. Copy Them to Your Watchlist – For FreeCopy Portfolio

WTO panel largely backs Mexico in row with Costa Rica over avocados

Published 04/13/2022, 11:57 AM
Updated 04/13/2022, 12:32 PM
© Reuters. FILE PHOTO: Avocados for sale are seen at a street market, in Mexico City, Mexico April 2, 2019. Picture taken April 2, 2019. REUTERS/Claudia Daut/File Photo

ZURICH (Reuters) -A World Trade Organization panel has largely sided with Mexico in a dispute with Costa Rica over import restrictions on Mexican avocados, a report released on Wednesday showed, with Costa Rica saying it accepted the decision.

The panel found that the sanitary risk assessment presented by Costa Rica lacked sufficient scientific basis. Some of Mexico's additional claims were dismissed or were not reviewed by the panel.

Mexico had complained in 2017 that Costa Rica was improperly restricting the import of fresh avocados, and a dispute settlement panel has been considering the case since 2019.

Costa Rica's government said in a statement following the decision that it accepted the outcome, and that it would be "analysing possible alternatives" to be able to comply with the decision.

© Reuters. FILE PHOTO: Avocados for sale are seen at a street market, in Mexico City, Mexico April 2, 2019. Picture taken April 2, 2019. REUTERS/Claudia Daut/File Photo

Costa Rica's agricultural and livestock minister, Renato Alvarado, said he had given instructions "to prepare the necessary adjustments to the phytosanitary protection measures related to avocado imports, in order to comply with our obligations in the framework of multilateral trade."

Mexico's government said in a statement that it will continue to defend the interests of its industry and "will seek full compliance of Costa Rica's international obligations."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.