Saturday, March 26, 2011

WTO rules against U.S. in orange juice dispute with Brazil

RIO DE JANEIRO, March. 25 (Xinhua) -- The World Trade Organization said on Friday that the U.S. anti-dumping duties on imports of Brazilian orange juice violated international trade rules.
In its final report, the WTO ruled that the U.S. anti-dumping proceedings related to the orange juice are inconsistent with article of the Anti-Dumping Agreement.
"In light of its findings, the Panel recommended that the United States take the necessary measures to bring its measure into conformity with its obligations under the Anti-Dumping Agreement," the WTO said.
Brazil is the world's largest exporter of orange juice, selling mainly to the United States and the European Union.
The United States imposed up to 60 percent of tariff on Brazilian orange juice, which Washington claimed was being sold at artificially low prices.
Welcoming the Panel's findings, Brazil hoped the United States "brings its measure into conformity without delay as a clear sign of respect to the multilateral trade disciplines."
The Brazilian government said it is closely following the progress of the U.S. Department of Commerce's "proposed rule," which will end some uses of the zeroing calculation of anti-dumping duties against foreign products.
Sources: http://www.dap-news.com/en/news/4305-wto-rules-against-us-in-orange-juice-dispute-with-brazil.html

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