WTO agrees Egypt broke rules on Turkish rebar AD duties

WTO agrees Egypt broke rules on Turkish rebar AD duties

According to information received from the industry insiders, World Trade Organization's (WTO) Dispute Settlement Body (DSB) has approved the findings of the WTO panel that Egypt violated two international trade articles at the time of determining the anti-dumping duty rates on Turkish rebar imports in 1999. A WTO panel on August 8, 2002 ruled on whether Egypt violated the 20 clauses of the trading rules, finding 18 of these rules under The General Agreement on Tariffs and Trade (GATT) were not broken by Egypt but clause no. 3.4., Egypt's investigation was not found satisfactory, and clause no. 6.8 plus clause no 2.6 of the addendum where no notification was given to related two Turkish companies by means of reverting, with regard to the deficiency in the information they submitted to the Egyptian authorities. Having received approval from the DSB with that regard, Egypt is expected to contact the Turkish trade officials within the given period of time, in order to revaluate the duty rates for the Turkish rebar exporters Icdas and IDC.