Victory at the WTO
11/03/2008 12:00
The World Trade Organisation has ruled that a cash bond demanded by US Customs for Thai shrimp exporters is illegal.
The WTO's dispute settlement panel handed down the verdict on Friday, ruling against the legality of the customs bond on both Thai and Indian shrimp exporters.
NOTE: The WTO decision can be viewed in full and downloaded at this link
The
The panel said the customs bond imposed on imports of shrimp from both
The three-member panel of Michael Cartland, Enie Neri de Ross and Graham Sampson said the application of "enhanced continuous bond requirement (EBR)" on Thai shrimp exports was inconsistent with the rules of anti-dumping agreements.
The report said:
... We uphold
We further uphold
... We therefore recommend that the
Because of the bond, shrimp exporters incurred prohibitive costs on their sales to the
For almost two years, the
The
The panel's ruling supposedly requires that the
Thai shrimp exporters are certain to be delighted by the ruling, although it is far from clear when - or even if - the
Source: www.bangkokpost.com
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