WTO begins hearing Vietnam’s shrimp lawsuit

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Báo Tuổi Trẻ English - 49 month(s) ago 2 readings

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.

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