WTO rules on shrimp next month
29 October 2007US - The World Trade Organisation (WTO) will rule next month on Thailand's claim that the United States employs unfair trade practices against shrimp imports.
Foreign Trade Department director-general Apiradi Tantraporn said last week the WTO had almost reached a decision in the case that has been running for about a year.
"Shrimp exporters will have a result soon and know if they will have to shoulder double duty payments in the US. If they win, it will strengthen Thailand's export competitiveness after facing export trouble," she said.
Total exports of shrimp fell almost one per cent to US$1.55 billion (Bt52.9 billion) in the first nine months of the year. In September alone, exports fell 9.3 per cent to $234 million, a result mainly of a drop off in sales to the US, Thailand's main market.
The country in April last year accused the US of implementing double trade-protection measures against shrimp through a continuous bond - a 100-per-cent bank guarantee payment - and an anti-dumping duty.
Source: TheNation
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