Watch Now


WTO rules in favor of Ecuador in shrimp case

WTO rules in favor of Ecuador in shrimp case

   The World Trade Organization Tuesday ruled that U.S. antidumping duties on shrimp imports from Ecuador violate international trade rules.

   The WTO panel that ruled on the case said a U.S. practice known as 'zeroing' leads to inflated margins in dumping calculations, and subsequently higher duties on the product.

   The United States is not disputing the ruling, according to wire service reports, and the issue will now likely go to the WTO's dispute settlement arm.