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EU countervailing duties: WTO sets up panel to study Pakistan complaint

April 07/2015

MOSCOW (MRC) -- The World Trade Organisation (WTO) has set up a panel to take up Pakistans complaint against the European Union (EU) for imposing countervailing duties on the export of polyethylene terephthalate (PET) a synthetic widely used to manufacture polyester fibre, as per Tribune.

The WTOs Dispute Settlement Body (DSB) established the panel on March 25 to study the complaint related to the trade-restrictive tax measures imposed by the EU on Pakistans exports of PET.

In 2010, the EU had imposed 5.1% countervailing duties on the ground that the import of PET from Pakistan was receiving trade distorting subsidies and had caused injury to the European PET industry. PET is used in plastic food and beverage containers.

As MRC informed earlier, U.S. trade officials will look into whether imports of clear plastic resin, used in bottles and packaging, from China and other countries are being sold too cheaply in the United States, a move that could lead to import duties.
Author:Anna Larionova
Tags:Europe, PET, packaging, USA.
Category:General News
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