Friday, February 28, 2014

WTO News

WTOThe World Trade Organization (WTO) Dispute Settlement Body (DSB) established two new panels this week.

First, the DSB established a panel at the request of Denmark, on behalf of the Faroe Islands, to  consider economic measures regarding Atlanto-Scandian herring and Northeast Atlantic mackerel imposed by the European Union (EU) against the Faroe Islands. The Faroe Islands is a self-governing territory forming an integral part of Denmark and covered territorially by Danish WTO membership. In Denmark's view, the EU measures are inconsistent with basic provisions of the General Agreement on Tariffs and Trade (GATT) 1994 and have no justification under WTO law. WTO members reserving third-party rights include Turkey, Honduras, Guatemala, Panama, China, United States, Japan, Australia, Chinese Taipei, New Zealand, Iceland, Russia and India.  For more information, see WTO case no. DS469.

The second panel established by the WTO DSB this week is a compliance panel under Article 21. 5 of the Dispute Settlement Understanding (DSU). In this case, the WTO DSB established the panel at the request of the United States to examine China's compliance with a 2103 arbitrator's decision establishing a reasonable time for compliance with the WTO Appellate Body Report in the case of Antidumping and Countervailing Duties on Grain-Oriented and Flat-Rolled Electrical Steel from the United States.  Members reserving third-party rights were Japan, the European Union, Russia and India.  For more information on this dispute, see WTO case no. DS414.

Costa Rica also notified the WTO Safeguard Committee this week that it has initiated a safeguard investigation on pounded rice to determine whether an increase in imports of the pounded rice are causing or threatening to case serious injury to a domestic industry.

(cgb)

 

 

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