Arab Today, arab today vietnam wins wto antidumping case against us
Last Updated : GMT 22:49:43
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Arab Today, arab today

Vietnam wins WTO anti-dumping case against US

Arab Today, arab today

Arab Today, arab today Vietnam wins WTO anti-dumping case against US

Geneva - Afp

Vietnam scored a victory Monday in its first challenge at the World Trade Organization against the United States over anti-dumping measures imposed by Washington on frozen shrimps. The trade watchdog found that Washington\'s use of the so-called zeroing method to calculate dumping margins were \"inconsistent\" with international trade rules, and must therefore halt such action. The United States has lost several major cases at the WTO related to the zeroing method -- which involves counting negative values as zero when calculating an average -- including against Brazil and the European Union. According to complainants, the zeroing method allows Washington to increase its estimate of the degree of dumping on its markets. Dumping involves the sale of items abroad at less than the cost price in their domestic market.

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