The World Trade Organization on Thursday rejected Argentina's bid to overturn a ruling in favor of the United States, the European Union and Japan against the South American country's licensing rules used to restrict imports.
The WTO's appellate body recommended Argentina fix its trade rules after it upheld an earlier WTO panel report that Argentina's import licensing requirement and other import restrictions breach international trade rules.
Reacting to the decision, Argentina said it would have no immediate impact on trade.
This has been excerpted from the 19 January 2015 issue of Venture Capital Post and is available in its entirety at:
http://www.vcpost.com/articles/37854/20150119/wto-rules-against-argentina-import-restrictions-case.htm