Sun, Nov 28, 2004 - Page 11 News List

US promises to comply with WTO export rules

EXPORT DUTIES Officials insisted there would be no need for sanctions after the WTO approved punitive duties to counter a disputed US anti-dumping law

AP , GENEVA

So far, the US government has given American firms more than US$800 million since 2000, and the latest round of payouts could total another US$290 million.

In August, a WTO arbitrator approved penalties on US goods, saying these should be worth up to 72 percent of the fines imposed on foreign firms by US authorities and handed to American companies. The arbitrator also suggested the winners should submit lists of goods to be hit by potential sanctions.

This story has been viewed 5184 times.
TOP top