WTO looking into Ecuador shrimp duties
The World Trade Organization said Wednesday it would conduct an investigation into U.S. anti-dumping duties imposed on shrimp imports from Ecuador.
The U.S. started charging a duty of nearly four-and-a-half percent on Ecuadorian shrimp in 2005, claiming the shrimp was being sold at below-market rates.
Ecuador has countered that the a U.S. formula known as 'zeroing' to calculate whether the shrimp is being dumped on its markets is flawed, and asked the WTO to intervene.
In previous cases, the WTO has ruled that 'zeroing' causes inaccurate margin calculations and can lead to higher duties.
WTO looking into Ecuador shrimp duties
