Financial Services

On December 12, 2012, Panama requested consultations with Argentina with respect to certain measures imposed by Argentina that affect trade in goods and services.  Panama 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.

Panama claims 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.