PAKISTAN: Dispute against EU over imports of polyethylene terephthalate
Pakistan has notified the World Trade Organization (WTO) Secretariat of a request for consultations with the European Union regarding the imposition of countervailing measures by the EU on imports of certain polyethylene terephthalate (PET) from Pakistan and regarding certain aspects of the investigation underlying those measures.
According to Pakistan, the EU appears to have acted inconsistently with several articles of the Subsidies and Countervailing Measures Agreement in determining that Pakistan's tax law and other schemes and programmes in certain cases constitute a subsidy that is contingent upon export performance. [...]
Source: World Trade Organization website, Geneva; 5 Nov 2014
(Syed Rashid Ali, Karachi, Pakistan)