EU complains to WTO about Thai pricing of its imports
The European Union has made the first step with the World Trade Organisation towards a formal complaint over Thailand's pricing policy for EU alcohol imports, the European Commission said on Sunday.
By Agencies |
GENEVA: The European Union has made the first step with the World Trade Organisation towards a formal complaint over Thailand's pricing policy for EU alcohol imports, the European Commission said on Sunday.
The Commission has accused Thailand of consistently rejecting the declared price of EU products imported into Thailand "and applying an arbitrary value instead."
"These measures are arbitrary and damaging for EU companies seeking to do business in Thailand," said EU Trade Commissioner Peter Mandelson in the statement.
"We believe they are not compatible with WTO rules." The EU lodged the request on Friday. If talks between the two sides do not resolve the issue within 60 days, the EU will be able to ask a WTO to rule on the legality of the Thai measures.
Brussels registered a similar complaint in November at the WTO against India so as to secure a change in practices that blocked access to the Indian market for European wine and spirits producers.
The Commission has accused Thailand of consistently rejecting the declared price of EU products imported into Thailand "and applying an arbitrary value instead."
"These measures are arbitrary and damaging for EU companies seeking to do business in Thailand," said EU Trade Commissioner Peter Mandelson in the statement.
"We believe they are not compatible with WTO rules." The EU lodged the request on Friday. If talks between the two sides do not resolve the issue within 60 days, the EU will be able to ask a WTO to rule on the legality of the Thai measures.
Brussels registered a similar complaint in November at the WTO against India so as to secure a change in practices that blocked access to the Indian market for European wine and spirits producers.
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