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Countervailing duty on import of PET from Pakistan

November 25/2010

(Business Recorder) -- Pakistan's Ambassador on WTO, Shahid Bashir, has opposed the government plan to file a case against EU for review of its decision of imposing indefinite countervailing duty on import of polyethylene terephthalate (PET) from Pakistan, saying that any such move from Islamabad at a time when it was pushing forward a case to EC to seek GSP plus status for more market access to enhance exports to member countries could be extremely counterproductive.


EU has imposed 5.1 percent indefinite countervailing duty on import of polyethylene terephthalate from Pakistan recently. Seeing the EU step of imposing indefinite countervailing duty on its exportable items for which EU countries were considered a main market, the government of Pakistan started to work on a proposal to file a review case with EC and, in the first step, sought the views of Pakistan's Ambassador to WTO in Geneva.


Sources said that after strong opposition to the proposed case for review against the countervailing duty, the Commerce Ministry is considering to shelve the plan to contest the EU on the issue.


Now Pakistan is working on two parallel plans to get more market access from EU. One is to seek cut on import duty on various key items being exported from Pakistan to EU market, and the second is to take its long outstanding demand of having GSP plus status from EC to get across the board concessional tariff for all exports to EU under GSP plus status.


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