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MOSCOW (MRC) -- The World Trade
Organisation (WTO) has set up a panel to take up Pakistan’s 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
WTO’s 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
Pakistan’s 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. |
