Weekly Report - 23 July 2015 (WR-15-29)

GUATEMALA | Favourable WTO ruling. On 20 July Guatemala’s agricultural chamber celebrated a favourable ruling issued by the World Trade Organization (WTO) on Guatemala’s trade dispute with Peru. Since 2001 Peru has imposed additional import tariffs on a range of agricultural products including rice, sugar, maize and dairy products when the prices of these imports fall below a certain level. The Sistema de Franja de Precios (SFP) price band system was designed to protect Peru’s domestic agricultural producers when international agricultural produce prices reached very low levels.