Anti-dumping duties on polypropylene: government may challenge WTO ruling-Daily Times

2021-11-24 04:24:02 By : Mr. Eason Hao

Your right to know Wednesday, November 24, 2021

The government is considering appealing the ruling of the World Trade Organization (WTO) panel, which last month ruled in favor of the United Arab Emirates (UAE) in a case seeking to remove anti-dumping duties imposed on imported goods. Polypropylene.

According to a senior official from the National Tariff Commission (NTC), Pakistan imposed tariffs on imports of biaxially oriented polypropylene (BOPP) from Taghleef Industries, a UAE company, at a rate of 29.70% and the remaining 57.09% in 2013. UAE exporter.

"The government may decide to conduct a review in the next few months," said the NTC official, who asked not to be named.

The decision was made after investigations were conducted in 2010 and 2012 at the request of Tri-Pack Films Limited, a joint venture between Mitsubishi Corporation of Japan and Pakistan Packages Limited. The company claimed that various foreign exporters, including UAE companies, were in Pakistan dumped the product. "The Arbitration Panel of the World Trade Organization, the dispute settlement body, released its final report on the dispute to eliminate the anti-dumping duties imposed by the Islamic Republic of Pakistan on polypropylene tape and roll products exported from the UAE," the UAE Ministry of Economy tweeted last Thursday Express. In January 2018, the UAE sought consultations with the Pakistani authorities within the framework of the WTO. The talks were held in March 2018, but the dispute could not be resolved.

Subsequently, the UAE asked the WTO Dispute Settlement Body (DSB) to set up a team to investigate the issue.

Many countries, including Japan, China, Russia, Afghanistan, Saudi Arabia, the European Union, and the United States, expressed interest in participating in the expert group process as a third party.

In its ruling, the expert group concluded that Pakistan’s measures were inconsistent with the provisions of the anti-dumping agreement. The expert group recommended in the report released on January 18, 2021: “We recommend that Pakistan take measures that meet the obligations of the anti-dumping agreement. Due to the fundamental nature and universality of the inconsistencies we have found, we recommend that Pakistan revoke its claims against the United Arab Emirates. The anti-dumping measures implemented by BOPP film to implement our recommendations. However, we refuse to recommend that Pakistan refund the anti-dumping duties already paid,” the report concluded.

Legal experts said that the ruling also provided an opportunity for Pakistan. They said: "We believe that the settlement of this dispute will also benefit Pakistan." "The National Tariff Commission has now received guidelines on various matters, including how to conduct investigations and which loopholes to plug in future investigations." They added that the decision will force NTC to improve its professional practices.

"This seems to be a temporary loss to Pakistan, but it is in the country's long-term interests because it will bring more transparency to its international trade," the experts continued. "This result is good for both countries because transparency determines the rules of the game, which in turn increases bilateral trade. Therefore, this specific development should be seen as an opportunity to further increase trade," they added.

At the same time, UAE officials said they hope the ruling will promote the export of polypropylene to Pakistan.

More posts in this category

More posts in this category

More posts in this category

Home Main Stories Latest News Editor's Picks

Selected videos of cultural life and style

Cartoon Letter Blog Privacy Policy

Contact the company’s financial investor information terms and conditions

Copyright © 2021 Daily Times website developed by Daily Times Developers