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Petition to WTO over bonds likely.
Byline: Phusadee Arunmas
Dec. 7--Thailand will file a complaint against the United States with the World Trade Organisation in an ongoing dispute over Thai shrimp exports.
Thai officials say a US requirement for shrimp importers to set aside a bond to cover anti-dumping tariffs violates global trade rules.
Rachane Potjanasuntorn, the director-general of the Foreign Trade Department, said the bond requirement represented a "duplicate burden" on Thai exporters.
"The WTO allows members to impose anti-dumping duties. The requirement to set aside a bond as a deposit means we have to bear extra costs on top of anti-dumping duties," he said.
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Source: HighBeam Research, Petition to WTO over bonds likely.