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The first-stage ruling in this dispute found that Australia’s investigation (into whether Indonesia “dumped” A4 paper) was flawed—in particular the technical calculation of what the “normal price” would be.

Dumping is when the price of an import is lower than “normal”

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WTO rules allow countries to raise tariffs against “dumped” products, to offset how much lower than the “normal price” are the prices of the imported goods (the “dumping margin”).

Full details of the legal dispute are here: wto.org/english/tratop…

2/3
And here’s more technical detail on dumping:

wto.org/english/tratop…

3/3 Screenshot of the section at the top on
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Peter Ungphakorn
@CoppetainPU
The WTO crisis comes to a head this week. We're going to see more like this:

"It could also signal the end of the [WTO] itself, since the system for settling disputes has long been its most effective part." @nytimes no less. (@AnaSwanson)

It's wrong 1/5

nytimes.com/2019/12/08/bus…
First: settling disputes is not, and never has been, the WTO's most effective part.

A large part of WTO work keeps international trade flowing smoothly within WTO rules through transparency (notifications) and talking (regular meetings).

A tiny, tiny part is legal disputes

2/5
Appeals are vital for dispute settlement, and dispute settlement is vital for WTO work.

But other work is also vital. Raising concerns in regular committees helps avoid disputes.

For more, see this👇🏽, and other comments in the thread.



3/5
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Peter Ungphakorn
@CoppetainPU
The EU has now appealed this ruling (good luck with that, EU, since the WTO Appellate Body loses its quorum on Tuesday. Or is it Wednesday?).

The document WT/DS316/RW2 will be available in a few days. Full information on this case is here wto.org/english/tratop…

1/2
Meanwhile, the US’s WTO-authorised tariffs on Scotch whisky, cashmere knitwear, cheese, wine remain in place in retaliation for the failure to comply with the original ruling.

More here👇🏽:

2/2
P.S. the list of US tariffs in retaliation is now here: ustr.gov/sites/default/…
Read 3 tweets
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Peter Ungphakorn
@CoppetainPU
One gone, 13 left.

Morocco has withdrawn its appeal in a WTO dispute brought by Turkey over Moroccan anti-dumping action against its steel.

Morocco said it still considers the legal arguments of the 1st-stage dispute panel to be flawed, but …

wto.org/english/tratop…

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… but, said Morocco, the anti-dumping measure have expired, rendering the panel's legal interpretations moot.

"Consequently, and in light of the heavy workload of the Appellate Body, Morocco has decided to withdraw the appeal."

docs.wto.org/dol2fe/Pages/S…

2/3 Screenshot of the top part of the linked document
This leaves 13 on-going appeals, days before the Appellate Body loses two of its three remaining judges and its quorum to consider appeals, on December 10.

3/3
wto.org/english/tratop…
Read 3 tweets

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