Thursday, September 02, 2004
[IWS] EU: WTO Members may RETALIATE against US [31 August 2004]
IWS Documented News Service
_______________________________
Institute for Workplace Studies Professor Samuel B. Bacharach
School of Industrial & Labor Relations Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor Stuart Basefsky
New York, NY 10016 Director, IWS News Bureau
________________________________________________________________________
From the European Commission
WTO Dispute Settlement
US Byrd Amendment -WTO says eight WTO Members may retaliate against the US
Joint Press statement by Brazil, Canada, Chile, the EU, India, Japan, Korea, and Mexico, Brussels, 31 August
http://europa.eu.int/comm/trade/issues/respectrules/dispute/pr010904_en.htm
The WTO arbitrators have today given a green light for eight WTO Members to retaliate up to more than $150 million against the U.S. for failing to comply with its international trade obligations. In January 2003, the WTO ruled as illegal a piece of U.S. legislation commonly known as the Byrd Amendment, under which anti-dumping and countervailing duties are distributed to the domestic companies that had requested or supported the imposition of those duties. The WTO gave the U.S. until December 2003 to comply with the WTO ruling but the U.S. missed this deadline. The failure by the U.S. to bring its measure into conformity with WTO rules prompted eight WTO members - Brazil, Canada, Chile, the EU, India, Korea, Japan and Mexico to request authorisation from the WTO to impose additional import duties on US products or to suspend other obligations to the US. Further to today's award, the co-complainants may exercise their retaliatory rights, at any time deemed appropriate, in accordance with the award and the requirements of the WTO rules on the settlement of trade disputes. The award of the Arbitrators cannot be appealed. The eight WTO Members strongly urge the US to act immediately to repeal the illegal Byrd Amendment.
AND MORE....
_____________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky *
Director, IWS News Bureau *
Institute for Workplace Studies *
Cornell/ILR School *
16 E. 34th Street, 4th Floor *
New York, NY 10016 *
*
Telephone: (607) 255-2703 *
Fax: (607) 255-9641 *
E-mail: smb6@cornell.edu *
****************************************
_______________________________
Institute for Workplace Studies
School of Industrial & Labor Relations
Cornell University
16 East 34th Street, 4th floor
New York, NY 10016
________________________________________________________________________
From the European Commission
WTO Dispute Settlement
US Byrd Amendment -WTO says eight WTO Members may retaliate against the US
Joint Press statement by Brazil, Canada, Chile, the EU, India, Japan, Korea, and Mexico, Brussels, 31 August
http://europa.eu.int/comm/trade/issues/respectrules/dispute/pr010904_en.htm
The WTO arbitrators have today given a green light for eight WTO Members to retaliate up to more than $150 million against the U.S. for failing to comply with its international trade obligations. In January 2003, the WTO ruled as illegal a piece of U.S. legislation commonly known as the Byrd Amendment, under which anti-dumping and countervailing duties are distributed to the domestic companies that had requested or supported the imposition of those duties. The WTO gave the U.S. until December 2003 to comply with the WTO ruling but the U.S. missed this deadline. The failure by the U.S. to bring its measure into conformity with WTO rules prompted eight WTO members - Brazil, Canada, Chile, the EU, India, Korea, Japan and Mexico to request authorisation from the WTO to impose additional import duties on US products or to suspend other obligations to the US. Further to today's award, the co-complainants may exercise their retaliatory rights, at any time deemed appropriate, in accordance with the award and the requirements of the WTO rules on the settlement of trade disputes. The award of the Arbitrators cannot be appealed. The eight WTO Members strongly urge the US to act immediately to repeal the illegal Byrd Amendment.
AND MORE....
_____________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
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# posted by SBasefsky : 8:28 AM
