EU requests WTO panel over spirits dispute with Colombia
- Apple (AAPL) Tops Q4 EPS by 2c; Issues Solid Outlook
- Wall Street slips on earnings; Apple falls late after results
- Chipotle Mexican Grill (CMG) Posts Q3 EPS of $0.27; Comps Miss Views; Additional Stock Buyback Approved
- Pandora (P) Misses Q3 EPS by 1c, Q4 Revenue Guidance Falls Short
- After-Hours Movers 10/25: (OGXI) (AKAM) (VRTX) Higher; (EW) (NUVA) (CMG) (AAPL) Lower (more...)
Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.
BRUSSELS (Reuters) - The European Union has requested the establishment of a World Trade Organization (WTO) panel to rule on a dispute with Colombia over what Brussels says are discriminatory measures against spirits made by European drinks companies.
Monday's request will be discussed by the WTO Dispute Settlement Body on Sept. 2, the European Commission said.
"EU spirits are subject to higher taxes and local charges than those applied to local brands," the Commission said in a statement. "This is in contravention of Colombia's non-discrimination obligations under WTO rules."
The EU and Colombia held talks in March as the first step in the WTO's formal dispute settlement process but failed to reach a solution.
The EU is the leading exporter of spirits to the Colombian market, the Commission said.
(Reporting by Julia Fioretti; Editing by David Goodman)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- China police confirm illegally made, stored explosives killed 14
- Dollar underpinned by Fed rate expectations, Aussie shines
- Judge orders criminal contempt trial for Arizona sheriff Arpaio
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!