BRUSSELS, Nov 15 (Reuters) - The European Union filed a grievance on the World Commerce Group on Fr
BRUSSELS, Nov 15 (Reuters) – The European Union filed a grievance on the World Commerce Group on Friday towards Colombia over duties imposed on frozen potato fries from Belgium, Germany and the Netherlands.
Colombia imposed anti-dumping duties of between 3% and eight% on frozen fries for 2 years in November 2018 after complaining that the costs of those imports had been artificially low.
Though small in financial phrases – the EU as an entire exports simply 19 million euros ($20.9 million) of frozen fries to Colombia per 12 months – the dispute is massive in symbolism notably for Belgium, which argues that it invented the “French” fry.
The duties have an effect on 85% of EU exports of frozen fries to Colombia.
The duties breached WTO regulation by way of substance and due to the process to place them in place, the European Fee stated.
“Regardless of quite a few interventions with Colombia to raise the unjustified measures, we’ve not acquired a…