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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.