Thai-US shrimp bout continues

by 5m Editor
8 August 2006, at 1:00am

THAILAND - Thailand, one of the world&#39;s largest shrimp exporters, has failed to persuade the United States to scrap a bond requirement that has impeded Thai shrimp exports. The two countries failed to make any headway during a consultation session in Geneva early this month, according to the Thai Foreign Trade Department. The consultation was the initial stage after the Commerce Ministry filed a case against the US with the World Trade Organisation in March. Thailand has accused Washington of penalising Thai shrimp exports twice, through a continuous bond requirement and anti-dumping duties at the same time. &#39;&#39;Thailand is still waiting for a proper response from the US. And if there is no response, we will join India against the US in the dispute settlement panel (under the WTO),&#39;&#39; said Nuntawan Sakuntanaga, the department&#39;s deputy director-general. Mrs Nuntawan said the office of the US Trade Representative (USTR) appeared willing to drop the bond requirement but the US Customs Department disagreed. <i>Source: Bangkok Post</i>

5m Editor