Monday, August 11, 2008

US Appeals against WTO Verdict

The United States has appealed a World Trade Organization decision upholding Indian import taxes on wine and spirits citing that its findings were based on erroneous findings on issues of law when it rejected in February the US complaint over extra duties applied by India.

The U.S. appeal was filed last week and has been posted on the WTO's Web site. US had made it clear at the time of rejection of its claim that it would appeal the decision. At the time the original complaint was filed, the issue related only to the Additional Duties.

The verdict was not a total loss for the United States because India did waive Additional duties in July 2007 buckling under heavy pressure from the US and Europe. On 24 May 2007, the United States had requested the establishment of a panel which was composed on 3 July 2007. Next day, the government had announced eliminating the Additional Duties.

EU had dropped its complaint as a result. However, Washington continued to press its case, numbered DS360R. Its complaint was rejected by WTO in February this year.

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