China won a World Trade Organization ruling after the United States decided not to contest the facts of its complaint against U.S. anti-dumping duties on shipments of diamond saw blades and frozen warm-water shrimp from China.
China’s complaint, which it made in February 2011, was based on the fact that the U.S. anti-dumping duties were calculated in a way that has repeatedly been ruled as illegal under WTO rules. The WTO dispute panel that examined the case said the US Department of Commerce had acted inconsistently with WTO rules and said it should bring its rules into line.
The United States has said that its calculation method, known as “zeroing”, is superior to the WTO’s approved methodology, but it has nevertheless promised not to use it in future, after losing numerous legal rulings over the issue. Read more here.
Date: June 14, 2012