WTO rules against Argentina in import restrictions case
A World Trade Organization dispute panel ruled against Argentina on Friday in a 2012 case brought by the United States, European Union and Japan against the South American country's licensing rules used to restrict imports.
The three economic powers argued that Argentina did not automatically grant licenses to importers as required by WTO rules, allowing it to shield its vulnerable economy.
The panel of three independent arbitrators found that Argentina's licensing rules violated WTO agreements, and urged the government of President Cristina Fernandez to bring them in line with international trade rules.
Argentina has 60 days during which it may file an appeal of the panel's ruling to the WTO.
http://news.yahoo.com/wto-rules-against-argentina-licensing-rules-row-us-144423794--finance.html