WTO issues panel report on Argentinian financial, tax and forex measures affecting trade

Today, the WTO issued a panel report in the case “Argentina — Measures Relating to Trade in Goods and Services” (DS453).

The dispute relates to certain measures imposed by Argentina that affect trade in goods and services. The complainant alleges that various Argentine measures are applied exclusively in respect of certain countries listed in the Regulations to the Income/Profit Tax Law, Decree 1344/98, as amended by Decree 1037/00.

The claims cited that the measures are inconsistent with:

Articles II:1, XI, XVI and footnote 8, and XVII of the GATS; and

Articles I:1, III:2, III:4 and XI:1 of the GATT 1994.

You can find the summary of the key findings here

You can find the full Panel Report here