WTO members adopt panel report regarding EU duties on fatty acid from Indonesia

DS622 European Union - Anti-Dumping Measures on Imports of Fatty Acid from Indonesia

Indonesia said it welcomed the panel's findings in DS622 and proposed that the DSB adopt the report. In particular, it welcomed the panel's finding that the European Union had imposed an anti-dumping duty in excess of the established margin of dumping by failing to use the rate of exchange on the date of sale when converting certain export transactions from euro to US dollars, in violation of the WTO's Anti-Dumping Agreement (ADA). Indonesia said it looked forward to the EU's prompt implementation of the panel's recommendation and rulings. Indonesia said it was confident that the EU shares its commitment to resolve this matter effectively, and it stands ready to engage in discussion regarding the implementation process.

The European Union said the panel confirmed the WTO consistency of almost all aspects of the EU's anti-dumping investigation and definitive measure. It welcomed in particular the panel's finding on the anti-dumping investigation after the withdrawal of the complaint, on the injury determination, and on Indonesia's challenge to the alleged methodology for constructing normal value. On the matter wherein the EU was found to have acted inconsistently with the ADA, the EU said this was a narrow specific issue concerning the exchange rate used for currency conversion in a minor portion of export transactions. The EU said its decision not to appeal these findings should not be seen as acceptance of the panel's reasoning, which, in any event, should not be regarded as establishing precedent.

The DSB adopted the panel report.

Under the WTO's Dispute Settlement Understanding, the European Union will now have 30 days to inform the DSB of its intentions in respect to implementation of the panel's findings.

Next DSB meeting

The next regular meeting of the DSB will take place on 25 September.

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.