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Philippines and Thailand have signed an “understanding” agreement to resolve the decade-long cigarette customs value dispute, the World Trade Organization (WTO) announced. In a post on its website, WTO said both ASEAN countries signed a bilateral “Understanding on Agreed Procedures Towards a Com
BANGKOK (The Nation/Asia News Network): The Cabinet on Tuesday (May 3) approved a draft agreement to end a dispute with the Philippines over tobacco tax-evasion charges.
The Philippines told Thailand it will assert its right for retaliation over a decade-long cigarette taxation dispute to ensure that the rules based trading system of the World Trade Organization is respected and enforced as it deliberates on the list of 146 tariff lines such as rice, motor vehicles,