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Shrimpers back WTO action.
Feb. 6--The Surat Thani Shrimp Association has urged the government to make a formal complaint to the World Trade Organisation over a bond requirement set by the United States.
Aekapoj Yodpinij, the association president, said the so-called continuous bond represented double taxation and was against WTO regulations.
As part of its anti-dumping penalties imposed on Thai shrimp last year, Washington requires US importers to place a bond equivalent to the 5.95 percent penalty duty on shrimp they import from Thailand, based on the previous year's shipments.
In practice, Thai exporters bear the cost and the money cannot ...
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Source: HighBeam Research, Shrimpers back WTO action.