The World Trade Organization’s Dispute Settlement Body in Geneva, Switzerland, Wednesday began hearing Vietnam’s lawsuit against the US’ imposition of anti-dumping taxes on its frozen warm water shrimps.
Vietnam has called on the US to minimize its trade barriers and play a more active role in the multilateral trade system
Photo: VNA " style="text-decoration:none"> Vietnam has called on the US to minimize its trade barriers and play a more active role in the multilateral trade system Photo: VNA
Vietnam has been protesting against the “zeroing” method used by the US to calculate anti-dumping duties against imports.
The US Department of Commerce’s controversial method ignores instances when a product’s export price is higher than the home market price.
The WTO, however, says “an investigating authority [should] calculate the dumping margin by getting the average of the differences between the export prices and the home market prices.”
The US has imposed anti-dumping taxes of up to 25 percent on Vietnam’s shrimp exports since 2004.
A panel comprising members from Pakistan, Israel, and Australia was set up in July to resolve the disagreement after the two countries failed to reach a compromise following consultations facilitated by the WTO in March.
The next hearing will be in December.
It is the first time Vietnam has filed a suit against a country since joining the global organization in 2007.