AIRLINK 73.06 Decreased By ▼ -6.94 (-8.68%)
BOP 5.13 Decreased By ▼ -0.05 (-0.97%)
CNERGY 4.34 Decreased By ▼ -0.12 (-2.69%)
DFML 32.50 Decreased By ▼ -2.66 (-7.57%)
DGKC 75.69 Decreased By ▼ -1.19 (-1.55%)
FCCL 19.65 Decreased By ▼ -0.33 (-1.65%)
FFBL 36.05 Increased By ▲ 0.45 (1.26%)
FFL 9.28 Decreased By ▼ -0.25 (-2.62%)
GGL 9.92 Decreased By ▼ -0.24 (-2.36%)
HBL 116.40 Decreased By ▼ -0.60 (-0.51%)
HUBC 131.80 Decreased By ▼ -0.70 (-0.53%)
HUMNL 7.08 Increased By ▲ 0.02 (0.28%)
KEL 4.45 Decreased By ▼ -0.20 (-4.3%)
KOSM 4.40 Decreased By ▼ -0.25 (-5.38%)
MLCF 36.30 Decreased By ▼ -1.20 (-3.2%)
OGDC 133.55 Decreased By ▼ -0.92 (-0.68%)
PAEL 22.50 Decreased By ▼ -0.40 (-1.75%)
PIAA 26.15 Decreased By ▼ -0.48 (-1.8%)
PIBTL 6.60 Decreased By ▼ -0.21 (-3.08%)
PPL 114.70 Increased By ▲ 2.60 (2.32%)
PRL 26.98 Decreased By ▼ -0.22 (-0.81%)
PTC 14.04 Decreased By ▼ -0.34 (-2.36%)
SEARL 54.83 Decreased By ▼ -1.56 (-2.77%)
SNGP 67.26 Increased By ▲ 0.26 (0.39%)
SSGC 10.68 Decreased By ▼ -0.15 (-1.39%)
TELE 8.48 Decreased By ▼ -0.81 (-8.72%)
TPLP 10.84 Decreased By ▼ -0.34 (-3.04%)
TRG 64.00 Decreased By ▼ -5.00 (-7.25%)
UNITY 24.95 Decreased By ▼ -0.54 (-2.12%)
WTL 1.28 Decreased By ▼ -0.04 (-3.03%)
BR100 7,521 Decreased By -1.2 (-0.02%)
BR30 24,432 Increased By 30.1 (0.12%)
KSE100 71,768 Increased By 73.1 (0.1%)
KSE30 23,606 Increased By 64.3 (0.27%)
Business & Finance

Pakistan should withdraw anti-dumping duty imposed on BOPP from UAE: WTO

  • We suggest that Pakistan implement our recommendation by withdrawing the anti-dumping measures it has imposed on BOPP film from the United Arab Emirates, says WTO.
Published January 19, 2021

The World Trade Organization (WTO) has announced that Pakistan should withdraw the antidumping duty imposed on Biaxially Oriented Polypropylene Film (BOPP) from the United Arab Emirates.

As per the WTO panel issues report regarding Pakistan duties on BOPP film from the UAE, the WTO found that Pakistan’s final determination of 9 April 2015 and sunset review determination of 1 December 2016 is inconsistent with a number of Articles of the Anti-Dumping Agreement.

The dispute concerns a challenge to successive anti-dumping duty measures that Pakistan adopted on imports of biaxially oriented polypropylene (BOPP) film from, among other sources, the United Arab Emirates.

The WTO report recommended that Pakistan bring its measures into conformity with its obligations under the Anti-Dumping Agreement.

It said that the UAE also asks WTO to suggest ways in which Pakistan could implement this recommendation. “Specifically, the United Arab Emirates asks us to suggest that Pakistan ‘terminate the duties imposed" and "refund the anti-dumping duties collected".

“Because of the fundamental nature and pervasiveness of the inconsistencies we have found, we suggest that Pakistan implement our recommendation by withdrawing the anti-dumping measures it has imposed on BOPP film from the United Arab Emirates. We decline however to suggest that Pakistan refund the anti-dumping duties already paid,” the WTO panel report recommended.

Comments

Comments are closed.

Oneeb Ahmed Jan 19, 2021 11:18am
What is anti dumping duty?
thumb_up Recommended (0)