WTO Rules Against U.S. Over Shrimp Import Bonds

Law360, New York (July 16, 2008, 12:00 AM EDT) -- The World Trade Organization's highest court has sided for the most part with India and Thailand in their claims against the U.S.' bond requirements for shrimp imports.

The WTO Appellate Body voted Wednesday to uphold most of two previous earlier rulings that the U.S.'s use of enhanced bond requirements is inconsistent with the Anti-Dumping Agreement under the General Agreement on Tariffs and Trade of 1994.

The court recommended that the Dispute Settlement Body ask the U.S. to adjust its measures so that they fall in line...
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