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on many levels. The panel found that MOFCOMfailed to consider all relevant economic factors, inparticular, the "magnitude of the margin of dumping,"when calculating its anti-dumping duties.The Panel requested that China revoke the antidumpingduties, and permitted the EuropeanUnion to claim benefits under the Anti-DumpingAgreement of equal value to the illegitimate dutieslevied by Chinese authorities.Also at the May 24, 2013, meeting, the DSB alsodeferred the establishment of a panel to examine Indonesia'scomplaint in the dispute "European Union- Anti-Dumping Measures on Imports of CertainFatty Alcohols from Indonesia;" deferred the establishmentof a panel to examine Panama's complaintin the dispute "Argentina - Measures Relating toTrade in Goods and Services;" and heard an additionalstatement from Dominica, speaking on behalfof Antigua and Barbuda, in relation to the ongoingdispute between the United States and the Caribbeanterritory on the cross-border supply of gamblingand betting services.Hong Kong To Join InternationalServices Trade Agreement TalksIt has been disclosed that Hong Kong will formallyparticipate in negotiations between some WorldTrade Organization (WTO) members this year onthe trade in services agreement, also known as thePlurilateral Services Agreement (PSA).In July 2012, a group of WTO members agreed to intensifydiscussions on a "high ambition" internationalagreement on a wide range of services, to reinforce andstrengthen the multilateral services trading system.Participants have stated that a new PSA should becomprehensive in sectoral scope, including informationand communication technology services, logisticsand transport, financial services and servicesfor businesses; contain new and enhanced rules thatcountries have developed since the WTO GeneralAgreement on Trade in Services entered into force in1995; increase market access commitments to be asclose as possible to countries' current practices; andproduce new market liberalization improvements.The agreement will be open to all WTO memberswho wish to join, but, as of April 2013, the participatingeconomies of the PSA comprise 22 WTOmembers, namely Australia, Canada, Chile, ChineseTaipei, Colombia, Costa Rica, the EuropeanUnion, Hong Kong, Iceland, Israel, Japan, SouthKorea, Mexico, New Zealand, Norway, Pakistan,Panama, Paraguay, Peru, Switzerland, Turkey andthe United States.Hong Kong is a service-oriented economy, with theservice industry constituting over 93 percent of itsgross domestic product. It is therefore expected thateventual participation in the PSA will allow HongKong to strengthen trade and economic ties withother economies and provide more business opportunitieswith many of its major trading partners, aswell as some relatively new markets.The other participating economies of the PSA, as awhole, account for around 70 percent of total world57