US sued for imposing high taxes on Vietnamese shrimp

Vietnam on August 20 brought a lawsuit protesting against the US imposition of anti-dumping taxes on the country’s shrimp to the Panel of the Dispute Settlement Body (PDSB) under the World Trade Organisation (WTO) in Switzerland.

This is the first step in the process conducted by the PDSB. Three PDSB members, appointed by the WTO Director General Pascal Lamy in July, will consider the petition and consult the PDSB about whether to make a recommendation or a decision.

The PDSB will propose a solution if it finds any violation of WTO rules or regulations. The proposal will become a final decision if it is approved by the Dispute Settlement Body.

Three weeks after both sides are informed of the final determination, it will be publisized to all WTO members.

Vietnam and the US met in 2010 to settle the case but could not reach any agreement. Vietnam filed a petition in the hope that the WTO would force the US to change its zeroing calculations. – VOV

Tags: US taxes on Vietnamese shrimp

Posted by VBN on Aug 21 2010. Filed under Sea food. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry