Tuesday, 25 April 2017

WTO lets Mexico slap trade sanctions on U.S. in tuna dispute

WTO lets Mexico slap trade sanctions on U.S. in tuna dispute

Mexico can impose annual trade sanctions worth $163.23 million against the United States after winning a dispute over trade in tuna fish, a World Trade Organization arbitrator ruled on Tuesday. Mexico's economy ministry said it planned immediate action to initiate the trade sanctions. However, the ruling could be overturned later this year if a subsequent WTO decision finds the United States has stopped discriminating against tuna caught by its southern neighbor.
Read more: http://www.reuters.com/article/us-usa-mexico-tuna-idUSKBN17R1V2?source=Snapzu

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