Peru must lift anti-subsidy duties on Italian and Spanish olive oil

A Peruvian tribunal has quashed anti-subsidy duties the country had been imposing on imports of Italian and Spanish olive oil. The Defense of Competition Chamber of Indecopi, the Peruvian authority on anti-dumping measures and countervailing duties, found that when the duties were approved in late 2010 there had not been the necessary proof that the imports risked harming Peru’s olive oil industry.