WTO has formed jury to start probe on antidumping duties imposed by the US on Vietnamese shrimp to decide whether or not the measures break the organization’s rules. WTO agreed after the consultations between Vietnam and the European Union failed to resolve the dispute in February. Truong Dinh Hoe, secretary general of Vietnam Association of Seafood Exporters and Producers, said it was a necessary step, and one that is likely to bring fairness to Vietnamese shrimp exporters.
In one of his interview Hoe said it was unfair on the part of the US to impose the duties, which have ranged from zero to 26 percent since 2003. he added that US has used a methodology known as zeroing, a complicated method which was condemned repeatedly by WTO courts and rejected by all other WTO members. The US International Trade Commission voted last month to conduct full five-year reviews concerning the antidumping duty orders on frozen warmwater shrimp from Vietnam, Brazil, China, India, and Thailand.
The commission has assured that it will conduct full reviews to determine whether revocation of these orders would be likely to lead to a continuation or recurrence of material injury within a reasonably foreseeable time.
