WTO sides with China in trade dispute
Source: Xinhua |
July 25, 2012, Wednesday
|
Print Edition
Print Edition
THE World Trade Organization Dispute Settlement Body has adopted a report which supports China in its claim against the anti-dumping measures taken by the US on Chinese shrimp and diamond saw blade exports.
The report was adopted on Monday without US appeal, meaning its rulings are final.
Sources close to the WTO said the US has announced its intention to implement the rulings. Both parties informed the Dispute Settlement Body that they have agreed the "reasonable period of time" for compliance will be eight months.
In February 2011, China requested consultations with the US regarding anti-dumping measures on certain frozen warm-water shrimp from China.
Beijing complained against the US Department of Commerce's use of "zeroing."
After failed consultations, a panel was established in October 2011 to look into the case. The panel's report, circulated to WTO members on June 8, 2012, ruled that certain anti-dumping measures on warm-water shrimp and diamond saw blades from China violated relevant WTO rules.
The "zeroing" methodology in calculating the margins of dumping used by the US in the investigations at issue was inconsistent with the Anti-Dumping Agreement, according to the ruling.
The report was adopted on Monday without US appeal, meaning its rulings are final.
Sources close to the WTO said the US has announced its intention to implement the rulings. Both parties informed the Dispute Settlement Body that they have agreed the "reasonable period of time" for compliance will be eight months.
In February 2011, China requested consultations with the US regarding anti-dumping measures on certain frozen warm-water shrimp from China.
Beijing complained against the US Department of Commerce's use of "zeroing."
After failed consultations, a panel was established in October 2011 to look into the case. The panel's report, circulated to WTO members on June 8, 2012, ruled that certain anti-dumping measures on warm-water shrimp and diamond saw blades from China violated relevant WTO rules.
The "zeroing" methodology in calculating the margins of dumping used by the US in the investigations at issue was inconsistent with the Anti-Dumping Agreement, according to the ruling.
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